My IVA was scheduled to finish in Dec - now our IP Says we have to pay 67 months plus a month that we couldn't pay - 68. Now we have to see if we can re - mortgage and if we cant then we pay for an additional 12 months bringing us to 80 months. I haven't had any arrears accept for the agreed month missed and our payments have gone up than the agreed amount. Is there a maximum period of time that you can be asked to pay for?
Hi - when is your IVA due to finish? Which company are you with?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
It sounds like they are fudging something based on their failure to do something in time.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
The equity situation is usually addressed 6 months before the end of the IVA. If the IVA was extended for any reason such as arrears then this will delay the equity calculation. You need to ask your IP for an explanation.