my husband and me are in month 63 of an iva. in year 3 my employer went out of business and i took a new lower paid job for a while, meaning we had to extend for 1 year to repay the original agreed amount. i wanted to ask if anyone else has extended due to arears and if i will need to extend another year if we cant do an equity release.
we are with DFD and have never missed a payment, incidentally as we entered year 6 this year we didnt get an annual review, is this normal????
to my mind my last payment will be feb 12 any advice will be appreciated
Really the answer should be in your paperwork. It should explain whta happens if equity cannot be released. Talk tk your ip soonest to find out whats going to happen.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
