Get expert opinion. This is the place for new questions to be posted.
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Ken.wh
- Posts: 2
- Joined: Fri Mar 07, 2014 8:44 am
i am entering my 4th year of an IVA paying £250 a month . i have heard some horror stories of people being shafted in the final year or being squeezed into making higher payments or being made to re-mortgage.are there IVA companies to beware of ?
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luluj
Forum Expert
- Posts: 11333
- Joined: Sun Dec 09, 2007 6:54 am
- Location: United Kingdom
Welcome to the forum.
Everyone is different and each IVA has its own requirements to satisfy the individual creditors. Depending on your circumstances you may have to release equity if you are a homeowner; there may be ppi to claim back from creditors .... These things can run smoothly if you work with your IP to bring everything together.
The key is working with your IP!
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Look at my blog "All I wanted was a baby"
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Radish
- Posts: 445
- Joined: Sat Sep 15, 2012 2:19 pm
- Location: United Kingdom
I did my own PPI and paid it all over and don't own my own home..So for me its gone very smooth. The IVA itself been difficult because I missed the income and its been a struggle, but the actual last year been incident free from my IP. Mind you one payment left so I should not speak too soon :-/
IVA complete March 2014 after 6 years.
