Posted: Tue Aug 12, 2014 2:41 pm
Good afternoon
I have had an iva for over 3 yrs planned to run for 6 yrs i have gone into arreas and now i have split from my partner who owned the house so now bording at my sons for now untill i find a house to let.i used to pay £1000 in card and debt payments so i took advise and was offered an iva at £523 per month.this is now £900 per month ! i feel it was the worst decision i have made as my debts would have reduced by £28k as this is the amount i have paid to the iva so far thus thinking my monthly outlay would be considerably less !i need £2000 to get a house to let but cannot save this with the iva ? on contacting them they said pay a couple of months and then ask for a payment break but garanteed nothing !. i appreciate my son giving me a roof embarrasing as it is ,but cannot expect him to put me up for months with no garantee of a payment break? to allow me to save for house rent,bond,and month in advance plus furniture !i feel i have no choice but to let it fail to allow me time to save ,i earn £2200 take home per month so 1 month i can move, please please advise on what i can do ,i used to drive a M3 now £500 sheds with no end in sight.i will be dead before this pays off wish i had not bothered as wasnt behind with debts just moved in with new girlfreind and didnt think fair she shared debt from previous relationship.sorry for the long winded story.
I have had an iva for over 3 yrs planned to run for 6 yrs i have gone into arreas and now i have split from my partner who owned the house so now bording at my sons for now untill i find a house to let.i used to pay £1000 in card and debt payments so i took advise and was offered an iva at £523 per month.this is now £900 per month ! i feel it was the worst decision i have made as my debts would have reduced by £28k as this is the amount i have paid to the iva so far thus thinking my monthly outlay would be considerably less !i need £2000 to get a house to let but cannot save this with the iva ? on contacting them they said pay a couple of months and then ask for a payment break but garanteed nothing !. i appreciate my son giving me a roof embarrasing as it is ,but cannot expect him to put me up for months with no garantee of a payment break? to allow me to save for house rent,bond,and month in advance plus furniture !i feel i have no choice but to let it fail to allow me time to save ,i earn £2200 take home per month so 1 month i can move, please please advise on what i can do ,i used to drive a M3 now £500 sheds with no end in sight.i will be dead before this pays off wish i had not bothered as wasnt behind with debts just moved in with new girlfreind and didnt think fair she shared debt from previous relationship.sorry for the long winded story.