There is a requirement for me to get a valuation on the Property at the start of the last year of my IVA. I assume this is the equity release clause. Even so, I can't see anywhere in the agreement where it tells me I cant change the basis of my secured lending. Remember, they have anticipated at the...

Another question if I may please. I am currently half way through my 6 year IVA. I have a repayment mortgage, which I am paying £750 a month for. Each month, the capital amount reduces. In effect, what this is doing, of course is growing the equity in my Property. I have the opportunity of changing ...

Thanks again for your response. The repayment I make on the card is approx £120 monthly. Compare this to my payment under the IVA of £1400 a month. My wife and I are on reasonable salaries, our mortgage payments are pretty large (£800), as is another payment to a secured loan (£400). The point I am ...

Thanks for your responses. I completely understand where you are coming from on this. Not sure how the credit card wasn't mopped up at the outset. I think it was the only one which wasn't taking me to court at the time. As far as taking more credit on it during the IVA, this has been minimal. If my ...

Hi I have been under my IVA for the last 3 years. I had problems during the first year, so agreed a variation with my IP which extended the term to 6 years. Past the half way point now, yippee! During my IVA there is one credit card which has remained open. Not sure why it wasnt mopped up at the tim...