18 months ago I had my first really bad relapse which knocked me off my feet. It resulted in me having to go part-time. I couldn’t afford my debts so entered an IVA (volountry arrangement) with my creditors for £16,000. I had no choice and was mortified as I’ve never before missed a payment.
After LOTS of poking and proding they’ve finally diagnosed me with MS in February 2012.
I have critical illness cover on my life insurance so claimed for MS. The £100,000 would definately help take the stress off and is due to be paid next week.
Well today I rang the IVA company to tell them I wanted to settle my IVA and was totally honest about why. It turns out there’s a clause saying I have to give them ALL the money even though this is £84,000 more than my IVA. I’m at my wits end.
Does anyone know what I can do? Please help.