Hi,I`m in an IVA with CCCS and have just had my first annual review.On the review paperwork I got back,it says that I have agreed to pay 66 monthly payments.I was under the impression that I paid 60 months, then if I couldn`t remortgage,I paid another 12 months.Do I only pay 66 months in total without remortgaging ?Your help greatly appreciated.
What does it say in your proposal/chairmans report?
If you are unsure then give them a ring and query it.
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
Hi Alf. Does it say that you have to PAY for 66 months, or that the IVA will LAST for 66 months ?
Many IVA's incorporate an (up to) 6 month administration period to tie things up before formal completion, but, during this time ( all things being equal) you don't pay.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I think I have sortedit,I had a 6 month break to be able to buy a car,so that would take the IVA to 66 months.Thanks for your help anyway,it is appreciated
Glad you're sorted Alf. Good luck with the remainder of our IVA.
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
