6 year IVA £ 381 per month (nothing missed)
Total debt £27032
6 years debt paid repaid £27032
69 pence in the pound paid to creditors
Yet they still want a remortgage or another £5000
Surely they have been taking money judging by the dividend paid to creditors
My wife also paid a £2000 joint debt
And now I’m paying more than I owed.
You won't be able to remortgage although some companies now offer a secured loa.
How much equity do you have?
You say they are asking for a remortgage or £5k .... do you not have the usual option of a 12 month extension ? Do you have enough equity to trigger the clause anyway ?
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