Interest rates

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jordan22

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Post by jordan22 » Tue Jun 24, 2008 8:43 pm
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If interest rates were to go up a couple of percent over the next couple of years and you were in a IVA,would your IVA payment reduce or would you have to find extra?
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MelanieGiles

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Post by MelanieGiles » Tue Jun 24, 2008 8:45 pm
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Your IP would need to consider your circumstances at the time and decide whether it would be necessary to vary the payments downwards.
Regards, Melanie Giles, Insolvency Practitioner
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plasticdaft

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Post by plasticdaft » Tue Jun 24, 2008 9:14 pm
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I think the big thing would be peoples mortgage payments going up with the interest rate rises,less money to go round then I would think(and I only have a little mortgage)(on a little house mind you)
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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