if you have remortgage in year 4 and this costs say £300 per month to do. do the monthly payments to your creditors drop by £300 for the remaining period of your iva as well ?
With ours, our monthly repayments on the remortgage cannot cost more than 50% of our IVA payments. I don't know anything about IVA payments dropping as you will only have 6 months to do.
I would think you would continue to pay in as normal as the creditors will want as much back as they can get.
I could be wrong though.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
