Iva draft-what do i check?

Standingtall

Hi Scared Sick

Unfortunately an IVA was not suitable for me due to the equity in my home. As a result I had to go the DMP route with a 15 - 21 year life expectancy. However i have managed to increase payments and now hope to pay everything off in a total of 8 years and maybe even sooner - it depends how much I decide to increase my payments by. I think the flexibility of the DMP has suited me best ultimately so don't be too disheartened if you end up going down that route. Admittedly it would have all been over a little quicker with the IVA and I would have preferred it at the time but sometimes life has a way of working things out ok in the end.

Regards
ST

scared-sick

You will not believe what i have just gone through and discovered today in regards to the 2014 IVA protocol!

I am gobsmacked and in shock.

I am going to put it on a new thread later as i am on my phone at present but think people need to know this info if they are even considering an IVA.