failing iva

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andrea

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Post by andrea » Sat May 30, 2009 2:00 pm
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would just like to ask after reading a forum about paying mortgage first if this is the case and you paid the mortgage and then missed the iva payments then after 3 it would fail well if it did fail you would end up losing your house wouldnt you thanks
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plasticdaft

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Post by plasticdaft » Sat May 30, 2009 2:09 pm
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Better to keep the mortgage company happy than the iva company andrea. You need to talk to your IP and ask for them to review what you are paying if you are struggling. How long have you been paying??
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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andrea

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Post by andrea » Sat May 30, 2009 2:12 pm
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we have paid 39 months now but it did get extended for the extra 12 months so we got 33 left i think
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plasticdaft

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Post by plasticdaft » Sat May 30, 2009 2:18 pm
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Having got so far its in no ones interest to have it fail. Get in touch with your IP and ask about reviewing your income and expenditure to make it realistic.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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andrea

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Post by andrea » Sat May 30, 2009 2:21 pm
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but if things have gone up and wages dont should they reduce are not
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kallis3

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Post by kallis3 » Sat May 30, 2009 2:24 pm
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You need to speak to your IP Andrea.

As Plasticdaft says, it is in no ones interests to let it fail now. You may well need to submit a new income and expenditure sheet so that your payments are affordable.
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.
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