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Posted: Mon May 19, 2008 9:27 am
by tristan
would it be that much of a problem if i missed 1 mortgage payment due to unexpected bill-car repair.i cant miss anymore iva payments due to new boiler will the bank be pissed if i miss 1 mortgage payment
Posted: Mon May 19, 2008 9:40 am
by cath79
If you're having to miss a mortgage payment i would ring your company in advance, could you maybe take a payment holiday? I know with our mortgage (northern rock) if you default on 3 payments they'll repossess your house. So i would double check first before defaulting.
I'm sure an expert will be able to tell you whether it's possible
Cath
Posted: Mon May 19, 2008 9:42 am
by Viki.W
Hey tristan, I think you should really talk to your IP because it sounds as though you are struggling with your IVA, how far into your IVA are you? Viki X
Posted: Mon May 19, 2008 9:44 am
by tristan
making my iva repayments are fine is just its going to cost me £800 to fix my car
Posted: Mon May 19, 2008 9:46 am
by Viki.W
Please wait for a reply from the experts, sorry about your car, Viki X
Posted: Mon May 19, 2008 9:58 am
by chris.g
I would speak to your ip firstly. Get in touch with your mortgage lender and ask how they help you out. It may be that you can take a payment holiday or come to some arrangement to pay back any arrears that occur due to missing a payment. As far as I know, your ip will need to know about this so do get in touch with them so things don't go down the pan with your IVA.
Good luck,
xx