if I "uped" my payments each month

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nadine.p

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Post by nadine.p » Sun Jan 20, 2008 3:34 pm
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Hi

I have been in an IVA for nearly a year now, however I need to clear my IVA before I qualify in my job (in 2 and half years).

I was just wondering if I "uped" my payments each month, would it enable me to terminate the IVA quicker? I am considering getting a job with a lot more pay so, if I get the job, I will be able to pay about £500 a month extra.

Also, whilst writing, I would be grateful if you would please advise me how easy it is to get a mortgage once the IVA is complete?

Kind regards

Nadine
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MelanieGiles

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Post by MelanieGiles » Sun Jan 20, 2008 3:42 pm
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What are you studying for, and who is it telling you that you have to conclude the IVA by the time you qualify?

Increasing your payments will not affect the length of time of the IVA, unless you are able to effect a full repayment - ie 100p in the £.

It is fairly easy to get a mortgage once an IVA has been finalised.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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