www.iva.co.uk

Hi,

Been in an IVA for 3 1/2 years now and still struggling.

My question is - now that my mortgage rate has come down and I have some spare money can I use this money to pay back arrears in my mortgage (I think that this will be ok) and after that would it be acceptable to repay money that I have borrowed from family while I have been in the IVA?

Thanks in anticipation fro your help

The mortgage saving needs to be passed on to your creditors, but I firstly would recommend that you brink the mortgage up to date.