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IVA and a Sucured Loan????????
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garyj123
Posts: 61 Forumite
Hi all, thinking about getting an IVA for my debt , and to cut a long story short i was just wondering if i can get an IVA set up as the biggest part of my debt is a loan which is a secured loan. I was told you can only have an IVA with unsecured debt?
Any advice would be grateful, thanks
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Any advice would be grateful, thanks
[EMAIL="abuse@moneysavingexpert.com?subject=Reporting%20post%20http://forums.moneysavingexpert.com/showpost.html?p=12124351"][/EMAIL] 0
Comments
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indeed so,
no-one will usually trade a secured loan with a part payment (i.e. an IVA) as with a secured loan they can force the sale of the property and get 100%
maybe if the property is in negative equity...0
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