My husband and I have recently had an IVA agreed, although I do worry a little about the company we are using as we first went to a different company, who checked our criteria asked for 2 months payments up front, and then reccommended us to their sister company.
Apart from that, we had HP for a large amount and was advised to let the vehicle be repossessed and then take out HP, before the IVA went ahead on a cheaper vehicle, which we did. This amount has been excluded from the IVA and agreed that we need a certain amount each month to pay this HP back, as my husband needs a reliable car for work.
Last week we heard from Black Horse the new HP company, who claim that even though we have not missed any payments they will now repossess this current vehicle. They say in the small print that if we are to enter into a voluntary agreement that they can decide to do this. Somewhat alarmed, we called our IVA company and advised them this, they spoke to the company on our behalf and agreed that providing we keep up payments we can keep this HP going. The IVA company agreed to confirm this in writing to put our minds at rest. This letter was never received.
We have had a call today, saying that they are now going to repossess anyway and that is that. This leaves my husband without a vehicle for getting to work, and unable to get further Hire Purchase! The IVA company say, they will add any shortfall to the current IVA, but my problem is, we need a vehicle for my husband to get to work.
This was all done on the IVA companies reccommendations, and although they say that they will still allow us the amount of the car each month, we are now in a situation, where we could not get another vehicle and my husband will be unable to get to work, as he moves from place to place and there really is no way he can do it though public transport.
I thought we had got though the worse of it, I really don't know where to turn and am a physical wreck at the moment!!!! It just gets worse!!!!
14 down 46 to go!
