Will I get a refund?

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Bellevuejp
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by Bellevuejp » Mon Mar 05, 2018 4:19 pm
Hi there. I wondered if you can clarify something for me please? I’ve made 60 payments in my IVA as per the term. There has been a bit of delay getting a final decision for the equity release (which has not been refused) or whether I have to get a 12 month extension. I have therefore paid the first month of a 6th year. If my equity release is approved, do I receive that additional payment back from my IP? Thank you
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kallis3
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by kallis3 » Mon Mar 05, 2018 4:37 pm
Hi,

I doubt you will - you'll always owe the full amount of your debts until your IVA is finished.
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Foggy
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by Foggy » Mon Mar 05, 2018 5:21 pm
I agree with Kallis -- I doubt you will see that back.
Bellevuejp
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by Bellevuejp » Mon Mar 05, 2018 5:31 pm
Foggy wrote:
I agree with Kallis -- I doubt you will see that back.


Thanks both. That doesn’t seem fair given that I entered into a 5year contract with the option of a further year or equity release in order to avoid the 6th year...I’ll be challenging that with the IP if I need to
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Lisa Thomas
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by Lisa Thomas » Tue Mar 06, 2018 4:24 pm
I think it's reasonable to ask for it back. You have stuck to the terms.
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