i am in an iva my debts were £50000
since i have been paying for last year they have reclaimbed approx £40000 from ppi which they have recieved
i have also paid in for i year around £1200
my total payback was to be only £17000
they are i think saying now that i will owe them £30000
costs if i drop out
what are my options
Where do they get this figure from? Ask for a breakdown.
If you do fail the IVA you may find that your debt is greater than it was as the creditors could add back the interest they have so far written off.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
