HI I ASKED A QUESTION EARLIER AND THANKYOU FOR YOUR RESPONSE I WANT TO KNOW IF I CAN RENT MY HOUSE OUT AND MOVE BACK IN WITH PARENTS AS I CARNT AFFORD MY MORGAGE AND IVA I WOULDT BE MAKING A PROFIT OUT OF IT I WOULD GET AROUND THE SAME AMOUNT BUT IF MY MORGAGE EXCEPTED THAT I COULD DO THIS WHAT WAYS WOULD IT EFFECT MY IVA ANY ADVISE ON THIS PLZ
I think you can do that as presumably rent will cover the mortgage. You need to speak to your IP about this.
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 - make sure you would personally feel the benefit of cost savings before making any changes. If they were absorbed 100% by the iva you wouldn't be any better off. Some people can keep 50% of any reduction in expenditure.
