2 months to go on an iva just received letter putting monthly payment ip by 170 .00 even though both on less hour no equity release in the house my wife and x owns house but they want us to pay another 12 months on the iva can we refuse to increase payment to dfd
Have they said why they are doing this? Have you had a payment break or arrears build up?
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
They have been getting a hammering on the board recently - you need to stand your ground and push for full answers.
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.
Ask them for a wrrtien epxlanaiton. If the reason for the 2 months increase is sound and you don't pay it your IVAs could fail, which you need to avoid.
I suspect the only way to challenge the 12 month extension is to challenge the valuation used and prove you have less than £5k equitable interest in the property failing which the extension will apply I'm (afraid however as a result you get to keep your house).
Please drop me an email (address is in my profile), with all your contact details and I will get in touch to discuss your issue further.
Look forward to speaking to you soon.
