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Can no longer afford my IVA payments
Posted: Tue Jul 23, 2019 12:49 pm
by Kate.w
I have been in an IVA for 48 months and have another 24 months to go. My question is I am no long able to make the payments due to my partner have mental health issues. He is employed but hardly working due to his illness. I currently pay £300 per month and struggling to make this payment as well as run a house and go to work myself. The house is in my partners name but he is behind on the mortgage payments. I am at a loss and not sure what to do.
Re: <t>Can no longer afford my IVA payments</t>
Posted: Tue Jul 23, 2019 1:27 pm
by kallis3
Hi, so sorry to hear of your problems.
You need to sort this with your IP.
Re: <t>Can no longer afford my IVA payments</t>
Posted: Tue Jul 23, 2019 2:09 pm
by Hultonlady19
You could ask them to review your payments and see if they can be lowered if it’s going to be a long term issue
Re: <t>Can no longer afford my IVA payments</t>
Posted: Tue Jul 23, 2019 3:15 pm
by Shaun Vickery
I agree, you need to talk to your IVA Supervisor - that's what they are there for.
Re: <t>Can no longer afford my IVA payments</t>
Posted: Tue Jul 23, 2019 3:27 pm
by Foggy
Talk to your IVA supervisopr -- they may be able to at least reduce payments, or, maybe, propose a full and final settlement on payments made to date.