Secured loan

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nffcwatto

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Post by nffcwatto » Fri Jul 27, 2012 5:00 pm
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I have a IVA and am about 18 months from completion. When it finishes it may run an extra year depending on my equity situation. I have about 5000 at present BUT i have a secured loan and paying crazy amounts this also puts my equity in ruins. is there a way to get a different secured loan even whilst in a IVA ???
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Ivoryfalcon

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Post by Ivoryfalcon » Fri Jul 27, 2012 5:37 pm
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Not impossible but unlikely at best. If your mortgage plus your secured loan wipes out your equity then you may not have to extend. It all depends on the wording of your proposal. Have a read and get back to us.

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nffcwatto

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Post by nffcwatto » Fri Jul 27, 2012 5:44 pm
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do you know where i would find the info on my tand c's ?
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Ivoryfalcon

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Post by Ivoryfalcon » Fri Jul 27, 2012 7:06 pm
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It will be in your original proposal agreed with creditors at the initial meeting.
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