font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by MelanieGiles
Why would you want to agree to that Andy - unless the terms of your IVA specify that you have to refinance rather than remortgage. Be very careful about jumping from the frying pan into the fire, when you may not need to. Get your IP to explain their reasoning in line with the specific terms of your IVA proposals.
Is your IVA covered by the IVA protocol?
Goosed - you have definately neither been duped or conned. The advice I gave you at the beginnning of the IVA process is as good now as it ever was.
I know Melanie, just as you know and archived posts of mine illustrate, I have nothing but the highest regard for you and your company.
Andy.tw`s post, like others that have appeared on the forum, show that an increasing number of people approaching the end of their IVA`s and expecting to soon be debt free, are being told by their IVA companies they will have to take out extremely lengthy high interest loans to meet their equity release requirements, when they had no idea whatsoever - and hadn`t been told this could happen.
As I posted, I imagine many people in such a predicament would feel duped or even conned, as would I facing such a scenario.
I know people have posted `check the wording of your proposal`, but why would or should you need to if your IP has never mentioned at any stage the fact that you may need to take out such a loan?
"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".
Eric Cantona