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Posted: Mon Apr 09, 2012 1:14 am
by andytracey
We are half way through our iva and all payments are up together, i see from faqs sometimes an iva can mean just a one off payment and not for 5 years, is there any way to pay it off early?
Posted: Mon Apr 09, 2012 5:34 am
by Shining
Hi, a full and final offer can pay an IVA off early, whereby payments stop.
A full and final offer to your creditors would need to be as close to the original debt as possible and can be funded from a 3rd party.
Is there a reason you would like to complete early e.g. hardship, illness? remember if you're struggling please talk to your IP in the first instance. x
Posted: Mon Apr 09, 2012 3:23 pm
by MelanieGiles
Is there anyone who could give you the money to be able to do this, or would you intend selling excluded assets to raise the money required?