Sorry - if you carry on paying your IVA does it only last for 5 years max or can it go on after that?

Hi - thanks for that.

Michael does that mean if we extended and could may be get extra money (say if I could get a second job) and pay extra for the next 12 months then that would be the end of the IVA in total?

Thanks

Hi Ginger, No the £20,000 is what we agreed to pay at the end of the IVA after completing four years of IVA payments. When we tried to get a mortgage yesterday they used an index linked amount (which they said was the value of the house when we originally bought it and what they thought houses of si...

Hi, Just after a little help please as I'm really confused. We are coming to the end of our fourth year. We were originally told that we would pay four years and then would have to release equity of £20,000 in our house. They told us this meant getting a re mortgage at the end for this amount. Then ...