DFD - Arghhh! - help!!

[JANRHYS]

Hi ,

Any advice wold be greatly welcome here. I entered into an IVA August 2005, which should last for 5 yrs. I am with Debt Free Direct - gulp!

I was paying £293, which was fine for a couple of years until mid last year, I cut the pyts down to £150, i told them that i couldnt afford to send the full amount required for a period of time, plus my husband wasnt working for some of those months also, they were not entirely happy but had no choice, some money recieved was better than nothing at all, that was my view!

 

I then started getting a bit despondant, they have never sent me any print outs of all the ptys i've made, some of the creditors were still writing me for pyts and DFD just said " just send us the letter when they write to you" , which i did for a bit then stopped. I seems so stupid on my part, but after reading the very minute, tiny words on the massive document they sent me, I am just purely paying for their admin fees, over £6,000, i havnt even touched the surface with paying off my creditors. Again i know probably stupid on my part but since last year October i cancelled my direct debit, I had a baby last October and i am currently on maternity leave with full pay until the end of March when my wages goes down significantly, to less than half for three months after that then i am on unpaid leave for the remaining 3 months.

 

I know this sounds stupid but can i get out of this madness or have i totally messed it up by my payments? I took out this IVA as i was so desparate and its crazy i am still getting the creditors on my back for pyt, saying they havnt recieved anything at all. DFD got really annoyed wheni put he pyts down and i had to provide so much eveidence, even when we had to go abroad suddenly for a family funeral and i couldnt make the pyt that month i had to send in a copy of the plane tickets to prove we went away and what the values were! I even paid for that when i got back so it was only about 3 wks late but they insisted on seeing copies of the plane ticket.

 

Unforunatly i didnt know about this site before taking out the IVA and havnt heard any good things about DFD since reading this site, its depressed me even more as they may say , I cant just back out of it just like that, most of these debts on the IVA are older than 5 years.

 

Any advice please

[gizmo111]

If thsi is an IVA then what does the small print say will hapeen if it fails?