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4th February 2007 to 1st November 2013
in_debt_again_but_dealing_with_it
Posts: 1,337 Forumite
I posted this back in February 2007;
My heart is racing, have I done the right thing?? My story is long and I won't go into it (my previous posts say it all!!) but I've realised that at 42 I'm incapable of using credit sensibly though I'm very good at mismanaging debt!!and have just submitted my details to cccs - they recommended an IVA but as I'm a mature (very!!) student I'll have graduated in 5 years and hopefully be employed so able to pay off anything outstanding quite quickly - my commitment has always been to repay (as are everybodies on here) all my debt. The bank however seem to just keep piling it on, my most recent visit in December involved yet another offer of a consolidation loan - I'm sure they know I'm good for their pay rises!!! But I've done it and taken the plunge and I still feel fear but most of all shame - I have no heart renching stories for my awful debt just mismanagement and overspending on nothing!! so here's to my lightbulb moment, my spending diary and budgeting to the penny. Fingers crossed!!!
Not expecting anyone to remember me but just wanted to announce that I am making my final DMP payment on 1st November 2013 and have successfully repaid £23,500. :money:
:A It was largely thanks to this site that I dealt with my debt and in the intervening years completed my degree, a PGCE and am now teaching ... what a journey!
If anyone is contemplating heading down the DMP route, just starting or part way through - keep going you can do it and come out the other side. Keep strong.
Thank you all
IDA xx
My heart is racing, have I done the right thing?? My story is long and I won't go into it (my previous posts say it all!!) but I've realised that at 42 I'm incapable of using credit sensibly though I'm very good at mismanaging debt!!and have just submitted my details to cccs - they recommended an IVA but as I'm a mature (very!!) student I'll have graduated in 5 years and hopefully be employed so able to pay off anything outstanding quite quickly - my commitment has always been to repay (as are everybodies on here) all my debt. The bank however seem to just keep piling it on, my most recent visit in December involved yet another offer of a consolidation loan - I'm sure they know I'm good for their pay rises!!! But I've done it and taken the plunge and I still feel fear but most of all shame - I have no heart renching stories for my awful debt just mismanagement and overspending on nothing!! so here's to my lightbulb moment, my spending diary and budgeting to the penny. Fingers crossed!!!
Not expecting anyone to remember me but just wanted to announce that I am making my final DMP payment on 1st November 2013 and have successfully repaid £23,500. :money:
:A It was largely thanks to this site that I dealt with my debt and in the intervening years completed my degree, a PGCE and am now teaching ... what a journey!
If anyone is contemplating heading down the DMP route, just starting or part way through - keep going you can do it and come out the other side. Keep strong.
Thank you all
IDA xx
I stopped smoking 25th June 2007
STILL Never complacent but confident
My debt is GOING DOWN!!!!
0
Comments
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Wow.... congratulations.
I think it is amazing that you managed to keep an eye on your finances whilst studying. (that's where I went a bit wrong).
What is your next step?? Do you plan to save or pay off your mortgage (if you have a mortgage)??
Mortgage: £0/£80,329.91
Savings: £0/£6400
0 -
Hi everyone, i was wondering if anyone can help me?
My partner is a year and half in to his iva. He has set up a ltd company and now He needs to set up a business account but has been refused with Barclays even though he banks with them already. Does anyone know a bank that will accept him or what else he can do. I have searched the net but keep getting answers from people who say they have finished their iva and are not in one anymore.
We are getting desperate now as he is coming to the end of his notice and hopefully will soon be contracting, so it is really important that he can open an account to get his wages paid in to.
Does anyone know a bank that will accept him even though he is still in his iva or know anyone that has been in a similar situation and what they did?
Greateful for any advice.0 -
Hello and welcome to MSEHi everyone, i was wondering if anyone can help me?
My partner is a year and half in to his iva. He has set up a ltd company and now He needs to set up a business account but has been refused with Barclays even though he banks with them already. Does anyone know a bank that will accept him or what else he can do. I have searched the net but keep getting answers from people who say they have finished their iva and are not in one anymore.
We are getting desperate now as he is coming to the end of his notice and hopefully will soon be contracting, so it is really important that he can open an account to get his wages paid in to.
Does anyone know a bank that will accept him even though he is still in his iva or know anyone that has been in a similar situation and what they did?
Greateful for any advice.
You will get more answers if you start your own thread - click on the blue "New thread" button near the top.The first thing to do when you find yourself in a hole is to stop digging.
Lad
Pronunciation: /læd/
Forms:ME–15 ladde, 15–17 Sc. lawd, 16 ladd, ME– lad.
Etymology:Middle English ladde, of obscure origin
c. A stable-groom of any age; also, a female one.0 -
IDA - very well done. That's fantastic :T:T:beer:The first thing to do when you find yourself in a hole is to stop digging.
Lad
Pronunciation: /læd/
Forms:ME–15 ladde, 15–17 Sc. lawd, 16 ladd, ME– lad.
Etymology:Middle English ladde, of obscure origin
c. A stable-groom of any age; also, a female one.0 -
Shovel_Lad wrote: »Hello and welcome to MSE
You will get more answers if you start your own thread - click on the blue "New thread" button near the top.
Thank you - but I can't see 'new thread' ???0 -
Can you see a blue button that says "Post reply"? near the top of this thread?Thank you - but I can't see 'new thread' ???
Go back to the main Debt Free board here:
http://forums.moneysavingexpert.com/forumdisplay.php?f=76
The blue button that says "New Thread" is in about the same place as the "Post reply" button (top, left hand side).
Make sense? The first thing to do when you find yourself in a hole is to stop digging.
Lad
Pronunciation: /læd/
Forms:ME–15 ladde, 15–17 Sc. lawd, 16 ladd, ME– lad.
Etymology:Middle English ladde, of obscure origin
c. A stable-groom of any age; also, a female one.0
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