I was on a dmp for a year and half and pay the same amount on an iva.could the amount I have paid into the small be taken into account to finish my iva early or to settle any arrears on my iva?
The amount you paid on the DMP will have been paid across to creditors but you won't finish your IVA early unless you can pay your original debt 100p in the pound plus fees.
Any arrears on your IVA will probably be tagged onto the end of it. Are you struggling with your payments?
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
Your opening balances on the debts will be reduced by whatever has been paid in up to date, less any fees if you are not with one of the charity DMP providers.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
