Advice - I think I've done the wrong thing!

Waspeze

10past6 wrote: »

Nicola

Post in here, it's the BR & IVA forum, someone with more knowledge than me will be able to offer better assistance.

However, I'm certain from your posts, you've been miss sold and IVA, ask the people in that forum above, they'll put you right.

Good luck

It does sound like it .. IVA's I thought were meant really for people with houses or assets etc to stop them losing them .. don't they still wreck your credit rating almost the same as BR?

10past6

Waspeze wrote: »

It does sound like it .. IVA's I thought were meant really for people with houses or assets etc to stop them losing them .. don't they still wreck your credit rating almost the same as BR?

Yes they do, IVA's ONLY APPLY TO A VERY SMALL % OF PEOPLE, I'm within that %, and am in the process of applying for an IVA.

Nicola182

I guess I'm stuffed, however I look at it. Even if I was mis-sold, I donl't expect there's anything I can do about it now!

I think what I'm going to do is put any extra money aside, and just look to the future!

Thanks for all your advice guys, I really appreciate it.

10past6

Nicola182 wrote: »

Even if I was mis-sold, I donl't expect there's anything I can do about it now!

Nicola, post in that forum (the link is in my post above) the guys will tell you whether there is anything you can do about it.

With an IVA, from my understanding, you have to revalue your assets in year 4 of the IVA.