ChatterBank1 min ago
possible iva ??
7 Answers
i got divorced last year and our house was voluntry repossed the balance outstanding after the house was sold was 77,000 and 30,000 for a loan we had with the mortgage.
i recently phoned the mortgage company and asked for the balances as interest is still being added to the loan ! I was told that the mortgage account was 0 and closed just leaving the loan account
does this mean they have just written off the 77,000 ?? if so this would bring my debts down to 45,000 ish and would an iva be an alternative to bankrupcy ??
i have worked out i could afford �150 a month
i recently phoned the mortgage company and asked for the balances as interest is still being added to the loan ! I was told that the mortgage account was 0 and closed just leaving the loan account
does this mean they have just written off the 77,000 ?? if so this would bring my debts down to 45,000 ish and would an iva be an alternative to bankrupcy ??
i have worked out i could afford �150 a month
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okay, just noticed you have changed a couple of words from the original question.
Really, for a definitive answer you need to ask the mortgage company to clarify things (although I assume you'd rather not just in case they say " oh yes, thanks for reminding us- yes you do in fact owe �77000"). Or you could look at your credit file to see what it says
Really, for a definitive answer you need to ask the mortgage company to clarify things (although I assume you'd rather not just in case they say " oh yes, thanks for reminding us- yes you do in fact owe �77000"). Or you could look at your credit file to see what it says
What has probably happened is the bank has sold the debt on to a debt collection compnay so the balance on their account will now sho as zero and you will be contacted in due course by a different creditor.
I'm afraid to say that an IVA isn't going to work on �150 per month. - thats only �9,000 and there would probably be �3000 of fees to come off that.
If you want to talk through your options by all mean try www.talkaboutdebt.co.uk or www.debtadvicefoundation.org
I'm afraid to say that an IVA isn't going to work on �150 per month. - thats only �9,000 and there would probably be �3000 of fees to come off that.
If you want to talk through your options by all mean try www.talkaboutdebt.co.uk or www.debtadvicefoundation.org