For the 1st 4 years we met the payment of the IVA, for the 5th year we struggled, but they put up my payments as we missed payment as we had no money.
Since I have agreed to pay £500 per month, they have claimed £28k PPI and to date there has been £65k on a debt of £45k. I was told that I only owed £3k and they now want to know what equity in the house and it is going into the 7th year and we are very confused and are paying £500 pcm.
I would like to know if they are able to ask for the mortgage redemption figures in the 6th year when they should have done this in the 4th year.
You need to check with your own IP as any changes would have taken place during the previous few years. There must have been variations called and these issues would have been addressed then.
