Well .. things, as ever, are a’changing. In December I become a pensioner — albeit an early one ! Due to changes at my place of work I have decided to take up an offer of early retirement.
My initial thoughts were that I would spend more time on the forum … but I spend enough time there already ! Then, after another change foisted upon me from elsewhere, I thought maybe I had better venture into the REAL world, and maybe earn some pennies at the same time ….. I will work on that
So — final thoughts:-
To those thinking of going into an IVA …ALWAYS chat to a few firms. It is a long financial association and you need to be comfortable with your choice. Specifically ask if you are able to chat to your IP ( Supervisor) direct if needed. I have found that, in those firms that allow contact with “Ye Gods Above” ( the IP) , you rarely actually need to. Also, if you are a home owner, ask for a written example of how they calculate equity, come the time. Some firms are distorting a badly written clause to their advantage using alternative interpretations.
I would advocate using the small to medium firms, where you are an person, and treated as such, rather than a mere grain of sand on a very large beach. You can either go direct, or you can use a firm that introduces clients to IPs. The only introducer I would recommend would be Vincent Bond — not because I have anything against the others, but because I have spoken to several members of staff and management at Vincent Bond and admire their ethos and genuine desire to assist and get the best result for the client, rather than feed the creditors. In the smaller firms you are also more able to build up a good working relationship with an individual, rather than having to deal with whoever in the call centre picks up the phone.
Once in the IVA, if that is the best course of action ( don’t forget Bankruptcy and Debt Relief Orders do have their place, as well as the old fashioned Debt Management Plan, for more modest debt levels) …. try to adopt the mindset of working WITH your IP, rather than battling “against the system”. Things will run much smoother. Keep lines of communication open and tell your handler everything, as and when, that might be pertinent. I always preferred emails — to provide a paper trail and, when documents were required, I scanned them and emailed them … easy to resend if they do get deleted at their end.
Don’t dwell on the IVA every day — get into the budgeting mindset and the IVA will take care of itself. If you hit a blip …DON’T PANIC. Speak to your firm, ask questions on the forum and stand your corner. Most blips are, I feel, caused by misunderstanding and bad communication …. both ways!
Follow the road and learn from the experience … be happy, be successful and be DEBT FREE