I'm in an IVA and as agreed at the start would run for 6yrs. I'm in the 6th yr with 7 months left to pay. My original debt was 30,649. I've paid 34,986 so far. My reckoning by the end of the 6th year I'll have paid around 37.500. Why would they need equity release when I'll have paid over 6k more than the original debt. I just want it finished. At the start payplan told me no interest gets paid it is frozen. Who is getting the 6k+ over my original debt. ???
Who is onlineUsers browsing this forum: No registered users and 26 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location