Can anyone help. We have just recieved a letter in the post from our bank saying "We have recieved notification from XXXXXXXXXX that you have entered into an IVA with your creditiors" we have a"one account" which is our mortgage and bankaccount in one. We have been in our IVA for over 3 years now and we suddenly get 30 days to pay it back and to get another bank account and mortgage.
We have spoken to the bank and they say that they have "JUST" been notified by our IP. But we have been in it for over 3 years.
We have just had an offer rejected in full and final settlement.
Can Anyone help, is there anyone we can speak to to sort this out?!
Yes its a "one account" originally "Virgin One Account" now part of RBS.
Apparently its "normal proceedure" that because we have entered into an IVA "we hereby demand repayment of the total amount outstanding on your account" As out bank account is also our mortgage account.
I am sure that they do not mean to forclose on your mortgage account, and think you need to speak to them again to find out exactly what their intentions are.
Surely if you are up to date with mortgage payments they wouldn't be allowed to do this?
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
