Hi, When it came to the end of the 60 months, I was told by DFD that they had agreed with Black Horse (the 10k loan) that I would release equity from the property to clear the loan. As I didn't have enough equity to pay the loan and satisfy the 6k to the creditors, that I would have to take out a fu...

Its a nightmare alright. I had to agree to pay the creditors the £6,000 or I was in breach of my IVA. This was only agreed after the 60 months of payments were up, so I didn't get an allowance to pay the secured debt. Surely if the creditors agreed that I should pay a further 6,000 then they cant ke...

I entered into an IVA in 2007, due to my husband being ill and unable to work. I paid 334.00 for 60 months as agreed in my contract. No payments were missed. When I was due to complete, I had my property valued and was told there was no equity to be released into my IVA. I was contacted by a loan co...