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by Robds24
Tue Nov 17, 2015 11:50 am
Forum: Ask IVA Forum and Industry experts
Topic: Is there s a maximum amount that you should pay into an IVA?
Replies: 9
Views: 3174

I have just spoken to PayPlan again: They tell me there is no limit to my monthly payments, but assure me that I will finish the IVA early if I meet my full debt and that they will notify me if my monthly payments come close to fulfilling this full debt next time they increase. However they still re...
by Robds24
Tue Nov 17, 2015 8:58 am
Forum: Ask IVA Forum and Industry experts
Topic: Is there s a maximum amount that you should pay into an IVA?
Replies: 9
Views: 3174

I do not own property. I am 2 years into my IVA and have paid £6300, I have 4 years left at £388.84 a month. How much more should I expect my monthly payments to increase? Is there a maximum? On another note. I am expecting an inheritance next year. I wanted to use it to clear my debt and have money...
by Robds24
Wed Oct 28, 2015 10:56 am
Forum: Ask IVA Forum and Industry experts
Topic: How much interest should I be expecting to pay to clear my debt ?
Replies: 21
Views: 4759

Thanks everyone. I am with PayPlan, and my total original debt was £18k, I assumed £21k was because of fees. I am just worried because when I asked them last week if I was right to assume I would just have to pay the remaining £15k with my inheritance to be free, they warned me I would have to pay a...
by Robds24
Tue Oct 27, 2015 9:20 pm
Forum: Ask IVA Forum and Industry experts
Topic: How much interest should I be expecting to pay to clear my debt ?
Replies: 21
Views: 4759

I am 2 years into a 6 year plan. I have paid off £6000 out of the starting total of £21,000. Meaning I should have about £15,000. I will be receiving a large amount of inheritance in about 6 months and I hope to clear my debt. How much interest should I be expecting to pay on top of the remaining £1...
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