Hi,
I am just about to start an IVA and have been paying my creditors off for the past 7 years but it is taking to long.Over the 6 years I would have paid about another £10000, if later down the line a relative helped me pay it off will they take a lump sum ?
Yes, you can make a lump sum payment during the IVA. How much will depend upon how long you have been paying.
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
Yes - based on the amount of contributions you have left however if that option is available now might be best to see if you can do a deal with creditors now and avoid an IVA altogether.
