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Paul.n
Posts: 1 Joined: Mon Nov 24, 2014 7:15 pm
i feel i have been mis-sold an iva as after paying for 5 years and 6 months they now want to extend this another 12 months . I was told at the start of my iva it would only last 5 years.how do i stand
winter_blues
Posts: 538 Joined: Wed Sep 29, 2010 10:06 pm
Location: United Kingdom
Check your original paperwork as it probably mentions an extension in lieu of equity.
Do you have equity to release into the arrangement?
Winter-Blues
Foggy
Posts: 33396 Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
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Sounds like equity release.I doubt this is a case of mis-selling, more mis-communication.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014