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IVA - Now I am free!
Hi (originally posted in the wrong forum)
I wanted to post some positive news for those who are thinking about IVA or scared of the consequences of it. I had no option but to go through an IVA on my own after some personal issues. It took me years to resolve and I got a bonus from Work and a pay increase and all that money went to pay my creditors off (shy of 15% of the total figure) In 2006 I was signed off my IVA and became debt free, no credit cards or loans I paid for cash on everything and built up some savings.
I managed about 3 years ago to persuade my bank, whom I had been with for 20 years to let me have a small over draft and Debit Card to start to help with my credit rating.
Today I am happy to say I landed a mortgage for a house I am buying (reposession) with the Nationwide and its a good deal , through an IFA who can access all the Market. I was overjoyed more that I could actuallly get a mortgage than the fact I had got a house :j
Dont get me wrong plenty of bad days, upset days, scary days but got there in the end and it was a long journey but worth it in the end
I wanted to post some positive news for those who are thinking about IVA or scared of the consequences of it. I had no option but to go through an IVA on my own after some personal issues. It took me years to resolve and I got a bonus from Work and a pay increase and all that money went to pay my creditors off (shy of 15% of the total figure) In 2006 I was signed off my IVA and became debt free, no credit cards or loans I paid for cash on everything and built up some savings.
I managed about 3 years ago to persuade my bank, whom I had been with for 20 years to let me have a small over draft and Debit Card to start to help with my credit rating.
Today I am happy to say I landed a mortgage for a house I am buying (reposession) with the Nationwide and its a good deal , through an IFA who can access all the Market. I was overjoyed more that I could actuallly get a mortgage than the fact I had got a house :j
Dont get me wrong plenty of bad days, upset days, scary days but got there in the end and it was a long journey but worth it in the end
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Comments
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That's great to read. Best of luck with the new home
National Debtline.We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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