I have been in an IVA for 2 years my payments have increased significantly over the period. I recently accepted a job that has given me a significant rise in income however i do have to pay some expenses out of my own pocket. My company pay my tax for me and all the income i receive is payed into my...

Thanks Melanie,

Thought as much but at least the third party payment will be taken care. Thanks for the advice i will chase up with Gareth at GT tomorrow then contact NR. When i went into my IVA my sole intention was to pay back as much as i could if not all so looking good so far.

regards

Steve

Melanie,
Many thanks from your experience do you think the settlemant figure will be lower now than the 47k originally requested? Baring in mind my 20k i have already contributed.However i do appreciate that the creditors will want as much as possible back.

Steve

Hi everybody, I am addicted to this site it is full of good advice and very reassuring. Following my previous posts am i best contacting Grant Thornton my IP and asking them what a full and final settlement on my debt? Then contactin NR to see if i can raise the money via my equity in my house.Thats...

Well i already feel better just reading the posts i will contact NR later today and see what they say thanks again everybody. I will let you know how i get on.

Steve

Melanie, Thanks will do. My current mortgage is with Northern Rock are they worth contacting for the extra money as it is going in to the IVA pot and i will still be able to double my payments each month. The only one downside is Northern Rock are one of my creditors on the IVA but i have never miss...

Melanie,
I had a valuation on my property at the start of my IVA, my IVA states that i have to remortgage for 6k in the last year plus this 30k third party contribution. My payments were meant to be 412 pound a month however i have exceeded them every month plus these payments.

Steve

Andy, Thanks for the advice i have taken on debts of over 150k that were not solely mine but taken on from marriage. I am fortunate in that i have a good job and qualifications. I realise i will probably have to do the term the main thing i want is to get rid of this 30k third party payment,I am wil...

Hi All, I had to request a mortgage holiday last year when i had a problem at home. My IP had no problems with me taking a mortgage holiday as my IVA was up to date and i had made additional payments. Just be honest with them and tell them what the request for funds are for and i'm sure they will fu...

Melanie, Thanks for the advice. There are a number of questions i would still like to ask? I have just had the oppurtunity to further my career abroad and the company i work for has asked me to transfer to another country but on a rotational basis. Included in this package is tax paid by the company...

My income has increased dramatically since starting an IVA 18 months ago, i sent my expenditure form in many months ago but never received any feedback although i proposed to double the payments. I have however increased my payments as i suggested from the date i sent the letter. Could you please ad...