Out of interest was NRAM (Northern Rock) one of your creditors ? Thjey used to routinely extend the term to 72 months, but still had the 12 month extension, making them 84 month terms.
laura490 wrote:My IVA is coming to a end and has been taken over by a different company. My proposal was for 72 months because of no equity. The new company are wanting me to realise equity or extend another 12 months. On the 1st march 2019 I will have paid 78 months. Can I refuse the extra year as I have paid £10,000 over what they originally agreed and 50% towards my debit. I can't pay for another year and feel mislead and miserable.
My iva proposal was for 72 months but i had payment breaks so that took it to 81 months last payment was in april heard nothing from the iva company for 6 months untill now. The new company are wanting me to release equity or extend for other 12 months i started my iva 2011 i have offerd a f&f payment so fingers crossed they except the offer to be honest i dont understand it all i also feel miserable wish it was all over xx
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