Posted: Mon Dec 01, 2008 11:18 pm
I am in an IVA agreement, i have 3 years left to run. I am eager to potentially pay off the amount in 2 years instead...is there usually the ability to increase payments to do this??
Hi there and welcome to the forum
An IVA will only conclude early if you pay the creditors and costs in full. If you have the ability to increase your payments, this additional money ought to be made available to your creditors in any case, but you will only reduce the term if the debts can be covered in their entirity.