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Applying for IVA when on IO mortgage.....

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Comments

  • So really all said and done PP are holding the cards and will act in such away to put forward an extension. I may go for the meeting and then if they try to extend i don't have to accept and revert back to the 15% reduction.
    Never make assumptions always ask questions>>>>>;)
  • Just tell them to propose a variation in payments with no extension and see what the creditors say
  • Will do, currently emailing them with different questions. I will post the outcome, thanks for your help Anondebtadvisor.
    Never make assumptions always ask questions>>>>>;)
  • It sounds like they want to propose an extension to "guarantee" an acceptance
  • I have requested a meeting to reduce the payments and not extend the IVA... fingers crossed..
    Never make assumptions always ask questions>>>>>;)
  • PP have told me they would only apply to extend ensuring the creditors receive the best dividend.
    Never make assumptions always ask questions>>>>>;)
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