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Posted: Mon Apr 11, 2016 7:26 pm
by Car.86
Hi I am starting my final year of my IVA (yay). After reading other posts I am worried that DFD will increase my term from 5 to 6 years. I am renting so don't have a property/equity and I've heard that those w/o equity have their term increased. I have always rented throughout terms of IVA so DFD were aware of this at the start. Can anyone help?
Thanks
Posted: Mon Apr 11, 2016 7:28 pm
by kallis3
Hi and welcome,
If you have no property and have made all payments on time then you have nothing to worry about.
Posted: Mon Apr 11, 2016 7:47 pm
by Foggy
There is no property, so no equity. Therefore no extension in lieu.
Posted: Tue Apr 12, 2016 9:46 am
by Lisa Thomas
Foggy is right. You have nothing to worry about as you have no equity in your home because you don't own it.
Posted: Tue Apr 12, 2016 5:04 pm
by Laura.Harrop
Dear Car.86
The posts above are correct, however if you have any concerns please drop me an email (address is in my profile), with all your contact details and I will get in touch to discuss your issue further.
Look forward to speaking to you soon.
Kind Regards
Posted: Wed Apr 13, 2016 11:34 pm
by Car.86
Thanks all.