I am in an iva. My mortgage payments were due to go up this month by £200 and my iva contribution was to reduce to accomodate this. Because of the fall in interest rates my mortgage has not gone up but it has reduced by about £20 per month. Do I pay the reduced contribution as that is what it says or do I still try and maintain the high contribution? My IP already gets an extra couple of hundred a month due to my overtime? I just want to know before I ring them and complete and new I&E
If your mortgage payments have come down, then I think you will have to keep on making the higher contributions. The overtime is just an extra which means you will end up being able to pay back more.
Give your IP a ring on Monday just to clarify the matter.
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
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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
