I am now getting to a position soon where I cant make IVA payments

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colin980
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by colin980 » Sat Feb 24, 2018 4:11 am
I am still in an IVA scheme and to this day have been making my regular monthly payments, however I am now getting to a position soon where I cant make these payments and it is playing heavily on my mind and I don't know what to do
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kallis3
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by kallis3 » Sat Feb 24, 2018 9:00 am
Hi,

Is there any particular reason why you can no longer afford them?

You need to speak to your IVA company and possibly do a new I&E.
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Foggy
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by Foggy » Sat Feb 24, 2018 9:40 am
As Kallis says -- chat with your provider ... the payments shouldn't become unmanageable and, hopefully, adjustments can be made.

How long have you been in the IVA and why are payments getting harder ? Have they been unfairly increased, or have you had a loss in income or increase in essential outgoings ?
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