We are in our fifth year of IVA and quite frankly at our whits end. We are with Pay Plan and they are still demanding large amounts of money without justification even though we have already paid the initial agreed amount. They are unbelievably lax and unprofessional and boarderline bullies in their quest to bleed us dry. "Live again" is part of their brand name but our lives have been hell.
What can we do?
I agree with Lisa ... Payplan are getting worse ( and were never at the front of the queue!). I take it, as you are still in the initially agreed term, they have hiked your payments and / or are demanding equity release. They can only act within the terms of your agreement -- dig it out and read up, so you can challenge with authority.
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
If the extras do relate to the equitable interest in your property then have a look here for some basic information, check your proposals and modifications as Foggy has suggested and consider getting valuation done to see if you can argue that the equitable interest figure is less than the minimum amount required for the clause to kick in:
Payplan were very good with us but it was a few years ago to be fair, but they do seem to be one of the worst now.
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