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EMPLOYEE
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What happens if I can't make one of my monthly payments? I have a house and a car and can't risk loosing either of these.
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If you need to miss one or two payments due to personal circumstance then you will need to discuss this with your supervisor. We will inform your creditors on your behalf and will either agree with you a higher payment for future months to cover those missed, or discuss tagging on additional payments at the end of your IVA term. This might necessitate a variation to your IVA being proposed.
Should you need to miss payments for a longer period due to situations out of your control such as an accident, sickness or redundancy, in a ClearDebt IVA you arel ikely to be eligible (subject to approval) for our Waiver of Contributions scheme IVA Protect. This protection will cover your payments for up to three months of up to 12 months during the period of the IVA.
EMPLOYEE
-
If you need to miss one or two payments due to personal circumstance then you will need to discuss this with your supervisor. We will inform your creditors on your behalf and will either agree with you a higher payment for future months to cover those missed, or discuss tagging on additional payments at the end of your IVA term. This might necessitate a variation to your IVA being proposed.
Should you need to miss payments for a longer period due to situations out of your control such as an accident, sickness or redundancy, in a ClearDebt IVA you arel ikely to be eligible (subject to approval) for our Waiver of Contributions scheme IVA Protect. This protection will cover your payments for up to three months of up to 12 months during the period of the IVA.
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