What happens to my secured loans in an IVA?

You may have loans other than your mortgage that are secured on your home. The most common will be ‘homeowner loans’ or ‘debt consolidation loans’. Secured loans cannot be included in your IVA and must still be repaid as well as your monthly IVA payments.

If you do not continue to make payments on your secured loans, your assets (home, car) could be at risk.

 

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