Can I cancel my outstanding debt ?

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Tatiana

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Post by Tatiana » Fri Aug 28, 2015 4:58 pm
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I was approved for my IVA yesterday for £70 per month. Can I cancel my outstanding debt.
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lifenoteasy

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Post by lifenoteasy » Fri Aug 28, 2015 5:04 pm
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Your debt is now in the iva.

Please be careful - you are paying the lowest possible for a viable iva and there will be a lot of pressure going forward to increase payments.
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.
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kallis3

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Post by kallis3 » Fri Aug 28, 2015 5:54 pm
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Hi and welcome.

As stated - your debt is now included and will be written off at the end of the IVA.

Surprisingly low payments for an IVA?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Foggy

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Post by Foggy » Fri Aug 28, 2015 5:55 pm
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Hello and welcome. Who is your IVA with ? Do you understand the full implications ?

Regarding your current debt, this is now covered by the IVA and you need -- indeed should --- do nothing and make no more payments to your creditors ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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