can i change iva company, change morgage provider

[jerry.l]

hi there iam in an iva and have been for a year my prob is i missed two payments now they want it, i have also had a pay increase. two of the debts were in joint names my wife now has two ccj s against her to pay back the money so even though they agreed to the iva they still hounded her. with the increase in morgage i am unable to keep up with extra payments to cover the missed payments. can i change iva companies, change morgage provider to lower the cost, what if a house hold item breaks as my oven has stopped working

[MelanieGiles]

Hi jerry and welcome to the forum

Changing your IP, even if that were to be possible which it is not, would not change the fact that your are in arrears with the payments - although you do not probably default until there are three or more outstanding.

Was the increase in mortgage payments not built into the IVA - ie did either you or your IP given any consideration to this before the creditors meeting?

You can shop around for a better mortgage rate, but now you have an IVA on record you are bound to be penalised on the interest rate offered.

Your IVA should have included some form of contingency for emergencies such as the oven breaking down.

[Adam Davies]

Hi
Your joint expenditure alowances should have allowed enough money for your wife to pay her joint debts with you,did this happen ?
Ask your IP to tag the missed two payments on the end of your 60 month IVA rather than trying to catch up with them now.
You are in danger of failing your IVA if you miss another month so speak with your IP as soon as you can.
Regards