I'm much more positive today - going to ask for 15% reduction, I believe IP can do this without calling a creditors meeting. as we pay £935 a month this will help. If thats a no-no, I'll request a variation meeting.
I don't want the IVA to fail as we've come this far and I don't like anything beating me [}:)]
We can extend the IVA upto 72 months, but I don't think this is the answer. I need to make sure the repayments are viable and maybe I should have tackled this before instead of being so grateful for the IVA being accepted and overstrecthing ourselves. We live and learn eh? [;)]
The best way to tackle this with your IP is to be prepared. Have e-mailed them a revised income and expenditure to review, and let them know that you would like a telephone appointment to discuss this further. When they know that you are serious, you will be treated seriously by them.
thanks for the advice Melanie - I have emailed them I&E and requested a call after 5pm tomorrow, or in the least to contact me to arrange a suitable time to discuss.
Just reading the finance section of MOS and apparently the amount of people struggling with mortgages are at a high (surprise,surprise). One thing they advise is contacting your mortgage company to see if term of mortgage can be extended. This may be antohter avenue I'll explore if necessary.
