Ive recently been struggling with my IVA I had spoken to my IVA company (Kingsgate) & agreed to make a down payment for a few months being told at the time that i had the option to either pay the arrears back at then end of the IVA so it would be like 2months extra payments at the end or pay it back gradually when i can over the months. The best option for me was to just pay it back at the end of the IVA. Now i am being told by somebody else at the company because the person i was dealing with has now left the company that if i was to pay it back at the end of the IVA they would expect me to pay for an extra 6 months. Is this correct as this seems very strange? Is there anything or anywhere i could go to read up on how arrears on IVA's should be delt with & what options there are?
It appears that your IP fees could be charging you an additional year's supervision and costs which would explain the extension. That seems harsh but they may be entitled to do this under their terms and conditions. If possible the best option may be to try and clear the arrears before the completion of the IVA or if this is not possible it would be worth borrowing the money to avoid these additional costs. Speak to your IP directly as they may be prepared to waive any additional costs particularly since you were lead to believe this was the case by a member[albeit ex member] of their staff.
Sorry cannot be much more help but let us know how you get on.
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