Posted: Thu Sep 10, 2009 7:40 pm
What happens to our monthly contributions?
It appears that we will be paying over £500 each month into an IVA if accepted. What actually happens to this money? Is it kept somewhere until the 5 years is up and then distributed to our creditors or are they paid out monthly?
It appears that we will be paying over £500 each month into an IVA if accepted. What actually happens to this money? Is it kept somewhere until the 5 years is up and then distributed to our creditors or are they paid out monthly?