Either the original creditor will keep.this to pay towards their debt or it will have to be paid across to your iva. Your creditors will all receive a better dividend. If the payment is sufficient to.clear all if your debts plus fees then your iva will complete sooner.
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
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
If the money is paid into the IVA pot, you can ask for consideration for some of it to come to you for replacement items (ie washing machine). Not much mind but I think IP's are considerate when asking for sums less than £500. Our washer/dryer is on it's last legs and due to being disabled can't face the thought of carting it all to the laundrette and I have been advised that if the money goes to the IP direct they can consider allowing us £400 rather than asking for a payment break.
