Hi, we are on our last year of our Iva but I am sure it would be extended a year as we have equity in our house. My parents have offered to pay £10,000 to end our iva early and a meeting is being held on 11th may. We are keeping everything crossed it is accepted as we are both suffering from depression because of all the pressure. What do you think our chances are of it being accepted this year our payments got put up to 800 pound per month.
Now this weekend our car broke down and the engine has gone going to cost us £3000 what car is worth. We are now not knowing what to do about that as I relie on the car for work as I am a lone worker. Anyone else know what we could do in this situation.
This forum have helped me loads reading what others are going through too.
Thanks in advance
Sorry to hear of your health problems. Hopefully your offer will be accepted.
Can your parents help you out in the meantime with help towards the car?
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
On the car front --- pop into a local, trusted, independent garage and ask them for a quote on an engine transplant ( if indeed, one is required). I have done this a few times in the past -- then get an engine from a donor (ebay) or buy a similar car with rotten bodywork, or damage, but good engine and swap them over.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014