Can no longer afford my IVA payments

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Kate.w

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Post by Kate.w » Tue Jul 23, 2019 12:49 pm
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I have been in an IVA for 48 months and have another 24 months to go. My question is I am no long able to make the payments due to my partner have mental health issues. He is employed but hardly working due to his illness. I currently pay £300 per month and struggling to make this payment as well as run a house and go to work myself. The house is in my partners name but he is behind on the mortgage payments. I am at a loss and not sure what to do.
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kallis3

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Post by kallis3 » Tue Jul 23, 2019 1:27 pm
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Hi, so sorry to hear of your problems.

You need to sort this with your IP.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Hultonlady19

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Post by Hultonlady19 » Tue Jul 23, 2019 2:09 pm
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You could ask them to review your payments and see if they can be lowered if it’s going to be a long term issue
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Shaun Vickery

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Post by Shaun Vickery » Tue Jul 23, 2019 3:15 pm
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I agree, you need to talk to your IVA Supervisor - that's what they are there for.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.

For individual, confidential mortgage advice see my details under the IVA Experts or go to http://clients.theselectpartnership.co.uk/
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Foggy

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Post by Foggy » Tue Jul 23, 2019 3:27 pm
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Talk to your IVA supervisopr -- they may be able to at least reduce payments, or, maybe, propose a full and final settlement on payments made to date.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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