Get expert opinion. This is the place for new questions to be posted.
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James.gk
- Posts: 1
- Joined: Tue Mar 12, 2013 9:07 pm
Hi. Ive been in my IVA for around 4 years and have just over a year remainding. A friend of mine has been very kind and has offered to pay the final year off within reason. Is this possible to do and how would they work out the final balance?
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luluj
Forum Expert
- Posts: 11333
- Joined: Sun Dec 09, 2007 6:54 am
- Location: United Kingdom
Welcome ....the best way is to multiply your monthly payment by the number of months left ...this will then give you a ball park figure. Depending on time left you ay want to reduce it slightly for less IP fees.
Your IP will give you specific advise where necessary.
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"
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GilliB
- Posts: 656
- Joined: Fri Mar 02, 2012 4:29 pm
- Location: United Kingdom
Hi James.gk. Welcome to the forum. Great advice from lulu - as ever. Also, other mitigating circumstances for wanting to end early will help your case, such as job threat, reduced income etc. Good luck. x
IVA journey started: 30th March 2009. Settled: 17th July 2012. Completion Certificate received: 13th March 2013. Breathe. x
