Posted: Tue Jul 26, 2011 10:19 pm
Hi
Not sure if I can make this clear,
Original Claim by creditors was £32,478, i was paying originally £320 per month, after first annual review, my payments increased to £343, My third anniversary letter stated that Max Recovery had claimed more than originally and that my IVA would default as it was more than a 10% increase, amount owing now £36,525, The letter states that to clear this I would either need to increase monthly or carry on IVA for a further 6 months.
I am now on payment 57 of the original 60 but am worried about extra 6 months, when I call my ISP they said nothing to worry about as I had increased my payments, however I increased them before any reference to the increased MAX claim.
Not sure if any of the experts can tell me what this mean, every letter since year 3 states that I will need to pay in for an extra six months.
Not sure if I can make this clear,
Original Claim by creditors was £32,478, i was paying originally £320 per month, after first annual review, my payments increased to £343, My third anniversary letter stated that Max Recovery had claimed more than originally and that my IVA would default as it was more than a 10% increase, amount owing now £36,525, The letter states that to clear this I would either need to increase monthly or carry on IVA for a further 6 months.
I am now on payment 57 of the original 60 but am worried about extra 6 months, when I call my ISP they said nothing to worry about as I had increased my payments, however I increased them before any reference to the increased MAX claim.
Not sure if any of the experts can tell me what this mean, every letter since year 3 states that I will need to pay in for an extra six months.