missed mortgage payment

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tristan

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Post by tristan » Mon May 19, 2008 9:27 am
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would it be that much of a problem if i missed 1 mortgage payment due to unexpected bill-car repair.i cant miss anymore iva payments due to new boiler will the bank be pissed if i miss 1 mortgage payment
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cath79

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Post by cath79 » Mon May 19, 2008 9:40 am
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If you're having to miss a mortgage payment i would ring your company in advance, could you maybe take a payment holiday? I know with our mortgage (northern rock) if you default on 3 payments they'll repossess your house. So i would double check first before defaulting.
I'm sure an expert will be able to tell you whether it's possible

Cath
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Viki.W

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Post by Viki.W » Mon May 19, 2008 9:42 am
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Hey tristan, I think you should really talk to your IP because it sounds as though you are struggling with your IVA, how far into your IVA are you? Viki X
Last edited by Viki.W on Mon May 19, 2008 9:42 am, edited 1 time in total.
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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tristan

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Post by tristan » Mon May 19, 2008 9:44 am
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making my iva repayments are fine is just its going to cost me £800 to fix my car
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Viki.W

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Post by Viki.W » Mon May 19, 2008 9:46 am
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Please wait for a reply from the experts, sorry about your car, Viki X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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chris.g

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Post by chris.g » Mon May 19, 2008 9:58 am
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I would speak to your ip firstly. Get in touch with your mortgage lender and ask how they help you out. It may be that you can take a payment holiday or come to some arrangement to pay back any arrears that occur due to missing a payment. As far as I know, your ip will need to know about this so do get in touch with them so things don't go down the pan with your IVA.
Good luck,
xx
It's nice to be back......
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