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by Deborahd7217
Wed Jan 14, 2015 8:03 am
Forum: Ask IVA Forum and Industry experts
Topic: We are being pushed down a secured loan route with an obscene interest rate
Replies: 15
Views: 3785
The balance we owe is £11k, but DFD seem to be making us take out a secure loan, which as I have mentioned before has extortionate interest rate. However if we stay with DFD for the the last year they are saying we owe £34k as when we took this out we had approx £23k in equity, so really they are no...
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by Deborahd7217
Tue Jan 13, 2015 12:56 pm
Forum: Ask IVA Forum and Industry experts
Topic: We are being pushed down a secured loan route with an obscene interest rate
Replies: 15
Views: 3785
I am in the 4th year of our IVA, when we took this out, we were informed that in the 4th year if there is equity in the property ( when we took it out we had £23k) they will look to release this, however this hasn't happened. Our original debt was about £58k and we should now owe about £11k, howe...
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