www.iva.co.uk

Hi Everyone,

Hope you can advise me on this. Would the extra money you pay into an iva pot from doing overtime helps reduce the total amount you suppose to pay over 6 years?

It will go towards paying your creditors a higher dividend against your original debt, not the agreed amount at time your IVA was approved.

No - but if you are fortunate to be able to repay all of your debts in full at any time during the IVA, the the duration will be reduced. Are you already in an IVA newboy?