I already have IVA with one of the company since 06/01/2016 then March 2017 I had health problems I am stop working because of disability so I informed this company and stop the payment until now in between he take the review income and expenditure several time finely he calculated monthly payment £128 each month. My total dept is £16250 when i join as agreed £11880 (£198.00 60 months) so now I need pay £128 for 57 months I am not working still now confused I am not happy with this company, so any help for this case any chance to reduced total amount can you give me good replay please help me.
You need to speak to your IP company again and ask to do a new review. Hope you get your health sorted soon.
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.
If you cannot afford the reduced payment the only thing your IP can do is ask creditors if they will accept more of a reduction, otherwise the IVA will fail. If you have no assets and less than £50 surplus income each month maybe a DRO could be worth considering. Have a look here : https://www.citizensadvice.org.uk/debt- ... d-to-know/
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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