I was told at the start of my IVA it would only last 5 years

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
 
 

Paul.n

User avatar
Posts: 1
Joined: Mon Nov 24, 2014 7:15 pm

Post by Paul.n » 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

User avatar
Posts: 538
Joined: Wed Sep 29, 2010 10:06 pm
Location: United Kingdom

Post by winter_blues » Mon Nov 24, 2014 7:20 pm
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

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Mon Nov 24, 2014 7:23 pm
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
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”