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Posted: Sun Aug 05, 2012 7:41 pm
by H.10
im currently in an iva my income will be dropping alot due to ill health i was paying 272 a month but can now only aford 100 a month ive done an ie but waiting to hear do u think they wil except my lower payment as im worring myself to death dont want to lose my home
Posted: Sun Aug 05, 2012 7:43 pm
by Shining
Hi how long have you been paying into the IVA?
Is there a chance your income will increase again in the future?
Lots of things to consider but do you have equity in your property?
Posted: Sun Aug 05, 2012 8:18 pm
by luluj
Not sure I can add anything other than to say hope it all resolves itself and your health improves allowing you to live life fully again in a debt free world
Posted: Sun Aug 05, 2012 8:24 pm
by Niobe
Hi,
I hope you can get this sorted - I hope you sort your health problems out soon.
Posted: Sun Aug 05, 2012 9:52 pm
by kazzafunk
Hi - please try not to worry as this will only harm your health further.
Hopefully your IP will work hard to help you. If the drop in income is permanent depending on how far you are in the IVA it may be possible to finish early if creditors receive medical evidence.
Otherwise it may be possible to reduce the payments and extend the period of repayment.