My IVA finishes in October this year. Should I offer to clear it early or sit tight until then ?

Get expert opinion. This is the place for new questions to be posted.
9 posts Page 1 of 1
 
 

Gaz.k

User avatar
Posts: 2
Joined: Mon May 18, 2015 6:59 am

Post by Gaz.k » Mon May 18, 2015 6:59 am
My IVA finishes in OCT 2015 so I have 6 more payments to make...My dad has offered to give me some money in order to clear the IVA 6 months early...Is this advisable? Or should I just sit tight until OCTOBER and keep paying?
 
 

lifenoteasy

User avatar
Posts: 3248
Joined: Thu Feb 05, 2015 2:26 pm
Location: United Kingdom

Post by lifenoteasy » Mon May 18, 2015 7:26 am
Sit tight unless there is another reason why your cc is needed.

It takes 2-3 months to go through process to make offer.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Mon May 18, 2015 7:54 am
I, too, would say sit tight. By the time a variation is processed you will be nearly there anyway ( it would also cost either you or your creditors). Dad can always assist with some of the shopping in the meantime :-)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:

Post by Adam Davies » Mon May 18, 2015 11:17 am
Hi

I agree with the other comments, sit tight, you are nearly there !

Regards
Andam Davies
 
 

Lisa Thomas

User avatar
Industry Expert
Posts: 7759
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Mon May 18, 2015 12:16 pm
Hi Gaz - I agree with the others - by the time the Variation meeting is called and held you will only have a couple of payments left to make - it's not worth it - continue as you are.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

Gaz.k

User avatar
Posts: 2
Joined: Mon May 18, 2015 6:59 am

Post by Gaz.k » Mon May 18, 2015 5:08 pm
Thanks I'll sit tight and carry on as I have been doing ... Many thanks for guiding me and putting my mind at rest .
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom

Post by luluj » Tue May 19, 2015 8:07 am
Absolutely agree with others ..sit tight and plan your debt freedom !!
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:

Post by Shining » Tue May 19, 2015 8:20 am
Just to add another agreement to sit tight as you're almost there.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

bombshell

User avatar
Posts: 111
Joined: Thu Nov 21, 2013 12:50 pm
Location:

Post by bombshell » Tue May 19, 2015 10:23 pm
Hi Gaz, I finish my iva next month and I too contemplated on doing a f & f last October but decided just to run in course and sit tight. I've been on mine for six years.

Well done on getting this far
IVA commenced April 2009 and completion certificate issued on the 25th August 2015..

PPI still on-going

I'm there....
9 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”