Can my IVA company increase the term?

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Post by ste8765 » Mon Sep 27, 2021 4:16 pm
Hello there. My iva company has extended my iva from ending 2024 to 2028. They say I have additional monies I owe. They haven’t updated my ins and outs which I sent and posted last September. I just need advice on if they can do this. They didn’t tell me they was doing it just said I owe £10,000 in additional monies.


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Post by kallis3 » Mon Sep 27, 2021 4:42 pm
You need to get someone to clarify where this extra money is from, especially if they have not done an I&E for a while. Which company are you with?

It is unusual for an IVA to be extended by that length of time.
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.
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Post by Foggy » Mon Sep 27, 2021 4:45 pm
Get them to explain where these additional monies are from
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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