I was told I would pay this debt for 5 years yet I near the end term and now they say it’s needs reviewing and may have another 12 months to pay or a remortgage please explain why this is as I have paid well over half my original debt? Thanks
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
If you are a homeowner it is a standard clause in the IVA that you attempt to release equity at month 54, Failure to release results in a 12 month extension instead. This is all in the proposal that you agreed to at the start.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk