Get expert opinion. This is the place for new questions to be posted.
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H.10
- Posts: 5
- Joined: Sat Jul 28, 2012 5:39 pm
im currently in an iva my income will be dropping alot due to ill health i was paying 272 a month but can now only aford 100 a month ive done an ie but waiting to hear do u think they wil except my lower payment as im worring myself to death dont want to lose my home
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Shining
- Posts: 27019
- Joined: Thu Sep 20, 2007 8:57 am
- Location:
Hi how long have you been paying into the IVA?
Is there a chance your income will increase again in the future?
Lots of things to consider but do you have equity in your property?
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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luluj
Forum Expert
- Posts: 11333
- Joined: Sun Dec 09, 2007 6:54 am
- Location: United Kingdom
Not sure I can add anything other than to say hope it all resolves itself and your health improves allowing you to live life fully again in a debt free world
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Look at my blog "All I wanted was a baby"
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Niobe
- Posts: 5169
- Joined: Tue Jul 03, 2012 9:56 am
- Location:
Hi,
I hope you can get this sorted - I hope you sort your health problems out soon.
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kazzafunk
- Posts: 4749
- Joined: Sat Mar 19, 2011 6:47 pm
- Location: United Kingdom
Hi - please try not to worry as this will only harm your health further.
Hopefully your IP will work hard to help you. If the drop in income is permanent depending on how far you are in the IVA it may be possible to finish early if creditors receive medical evidence.
Otherwise it may be possible to reduce the payments and extend the period of repayment.
