You can always try to rent somewhere in the meantime but your credit record is now totally shot.
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
Certainly could - we've had that happen many times before on here.
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
Billy - speak to your IP and explain the situation to them and see what they can suggest.
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
Yes I will speak to them, but I don't think I received the best advice before entering the iva regarding the property i wouldn't have done it had I known. But if leaving the iva allows me to offer them payment plans that might be best. in regards to payment offers can they reject them.
They can reject them. Which IVA 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
I don't know them - speak to them tomorrow and explain the position but just be aware that creditors can reject offers.
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
I imagine the problem is going to be finding the money to pay the mortgage whilst he is unemployed.
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
Do you have a portable mortgage?
The mortgage company might not allow it as your in an IVA but you could ask for a variation to allow you to sell the house on the grounds if you don't you will be forced to go bankrupt.
You could ask the mortgage company to port the mortgage paying off x amount with any equity released. You could then offer any remaining equity to your IVA or continue with reduced payments.
