We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

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

Options
2»

Comments

  • debtfree2016
    Options
    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>>>>>;)
  • Anondebtadvisor
    Options
    Just tell them to propose a variation in payments with no extension and see what the creditors say
  • debtfree2016
    Options
    Will do, currently emailing them with different questions. I will post the outcome, thanks for your help Anondebtadvisor.
    Never make assumptions always ask questions>>>>>;)
  • Anondebtadvisor
    Options
    It sounds like they want to propose an extension to "guarantee" an acceptance
  • debtfree2016
    Options
    I have requested a meeting to reduce the payments and not extend the IVA... fingers crossed..
    Never make assumptions always ask questions>>>>>;)
  • debtfree2016
    Options
    PP have told me they would only apply to extend ensuring the creditors receive the best dividend.
    Never make assumptions always ask questions>>>>>;)
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 344.3K Banking & Borrowing
  • 250.5K Reduce Debt & Boost Income
  • 450.2K Spending & Discounts
  • 236.5K Work, Benefits & Business
  • 610K Mortgages, Homes & Bills
  • 173.6K Life & Family
  • 249.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards