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Rockin Diner
- Posts: 57
- Joined: Mon Jun 23, 2008 3:54 pm
- Location: United Kingdom
We have 6 more payments to go in our 5 year programme. There is no equity in our house and our agreement says we may be asked to do a sixth year. Will they insist in a sixth year????? What was your experience????
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luluj
Forum Expert
- Posts: 11333
- Joined: Sun Dec 09, 2007 6:54 am
- Location: United Kingdom
Well done for getting this far....your IP will need to inform you if the extra 12 months are to be paid in lieu of equity. Unfortunately no two IVAs are the same and what have been for one won't necessarily be the same for you.
What i would say is ask the question now so you know where you are and can plan ahead.. Let us know how you get on.
Sharing from experiences of dealing with debt
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