IVA extension

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Post by Ann.zs » Mon Aug 27, 2018 8:27 pm
Hi my Iva has ended adter7 years. I still owe 3 months through breaks ect , I should have paid in Aug but still struggling so. What can I do I need the money for food if I miss a second time what will happen , i emailed the first time and they said they are not allowed to extend my Iva so pay it when I can pls advise


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Post by Foggy » Mon Aug 27, 2018 8:32 pm
Hopefully they will simply stall until you have paid these three missed payments. If you miss three payments without an agreed break the IVA will fail -- which would be a tragedy at this stage! What has happened recently to make the payment unaffordable ?
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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Post by luluj » Tue Aug 28, 2018 12:30 am
I would suggest an urgent conversation with them and identify a solution. Please don't miss these payments as it may as foggy has indicated a fsilure to your whole iva and after 7 years that would be s travesty.
Let us know how you get on.
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There is a solution for everyone .... Just need to stay positive !

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