If the loan is secured on a property then allowances are made for this to be paid on top of the IVA payments. The only way it can be added into an IVA is if the house is sold or repossessed and the loan then becomes unsecured. Whose name is the loan in? The loan is in our name (we are in IVA) and t...

Thank you for the reply......however I have found out that the said loan taken out for the 3rd party is in fact secured to our family home and neither the 3rd party or myself knew this the case. So now I am really stressed as partner dealt with this and we have since split a couple of years ago...al...

Thanks for the replies.....however, the IVA have had no contact with the third party and there are no legal documents tying them to the loan...should the IVA had spoken to, corresponded with, the third party at the beginning of the IVA process to ensure that the information that they were paying the...

Chelsea - you need to speak to your IVA company - it will depend on why the loan was left out and how much. Regardless of who pays for the loan - if it is in your name you will be legally responsible for it, it should have been mentioned at the start of the IVA process. Leaving the creditor out may...

Hi, Can you enter a debt into the IVA that you had originally kept out (for whatever reason) if the debt is in your name but someonelse is paying the loan amount as you got the loan out for them....and now they are unable to keep up those payments....and the IVA was advised of this situation from th...

Do the IVA experts take all loans/debts in your name or that you are paying into the debt amount outstanding or are there some loans they may not include in the total debt outstanding. Also how do they know what debt you have ...do they have access to your bank account or is it up to you to declare ...