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Iva
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i started an IVA five years ago and recently, it has come to an end but when they went to finalize the reports, they notice i didnt declare a certain amount of income back in 2007, and they want to do an extension for another year .. could you give me some advice... i thought it was too good to be true. what would happen if i dont agree to it? i have always kept up to date with my repayments and even a little extra during thr five years! help.. hayley
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How much income did you not declare ? Would it be covered by the "overpayments" you have made ( or were these made due to overtime or pay rises? )0
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You need to read your original agreement that talks about additional income. If you dont agree to something thats in the contract you signed then your will be in breach, and thats bad. If you withheld the details of the additional income at the annual review then thats also bad."Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!0
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