www.iva.co.uk

I've had my iva for 6 years now and had agreed a repayment of 6 years and a mount. Now my iva company want to extend for a 7th year! Is this allowed? When the repayment amount had been agreed.

Hi Lee,

What were the reasons behind the extension ?

Did you miss payments, or have a pay increase that was not discussed with your IP at all?

Does the IVA proposal give your IP the right to extend the term of the IVA, and if so for what circumstances is this being suggested?

If you have met all of your obligations then no they should not be allowed to move the goal posts