Hi all. I posted recently about an extension to our iva by another 12 months which was up 2 months ago. I had as telephone conversation with my company who now want to realise the equity. Fine. Only I sent the valuations in 6 months ago and they were asking where they were. b***** hell I thought. So they eventually found them. They then said someone would call in a few days to go through process. Guess what? 3 weeks later I'm still waiting. This means an extra 2-3 months payments!!!
Hi guys. Am with creditfix now but was with SDS before. And it wasn't agreed with it was already sanctioned in the letter I received. I didn't know, and wasn't told I could challenge it.
Not been on here for a while, but reading about some of the ways IVA companys are running/dealing with their customers IVA's I sometimes feel there is going to be a big issue like PPI soon.
Some of the ways they are treating their clients seems pretty unfair to say the least.
I guess a lot of the companys feel they always have the upper hand because we got ourselves into the debt in the first place.
One day though somebody or some people are gonna challenge the way ther are being treated by their IVA firms.
Just had a call from CF about my equity release. Apparently a third party company is trying to secure a loan on my property to pay into the iva pot. This costs me nothing. And will be paid back if and when I sell up. Is this right?
Steve - which company is arranging the loan - you may find there is a a massive amount of interest on this loan as well as capital - which will eat away at your equity if and when you sell up
Hi guys.
Was also told by CF that I didn't have to accept the offer and to continue my payments for another 12 months. Which seems the better course of action to me.