How do I qualify to finish an IVA in 3 months?

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ordal91

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Post by ordal91 » Sun Feb 03, 2013 6:47 pm
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How do I qualify to finish an IVA in 3 months?
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Shining

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Post by Shining » Sun Feb 03, 2013 7:02 pm
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Hi and welcome to the forum.

Do you mean you want to sort an IVA out within a 3 month period? Maybe a full and final offer to your creditors?

Either way your IVA will remain on your credit file for 6 years from date of acceptance.

Correct me if I've misunderstood your post.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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luluj

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Post by luluj » Sun Feb 03, 2013 7:16 pm
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Welcome to the forum - could you post a few more details about your circumstances so that our advice can be a little more specific.....
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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ordal91

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Post by ordal91 » Mon Feb 04, 2013 9:29 am
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sorry for lack of clarity.
I am in an iva and have got 24 months to run .I also have the equity release stuff in my iva but my property is in negative equity so dont think i will need to make any additional payments.

A friend wants to help me settle iva early and i wanted to know if this can be sorted in 3 months or does it take much longer to achieve this?
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Shining

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Post by Shining » Mon Feb 04, 2013 9:43 am
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Thank you for responding.

It can take longer in some instances and although there is no equity is there a PPI claim to make.

Is there a reason you need to have it sorted within 3 months, if there is why not appoach your IP and ask the question.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Kelly O

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Post by Kelly O » Mon Feb 04, 2013 9:45 am
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Hi Ordal91 and welcome to the forum,

If your friend had offered to settle your IVA you will need to have a chat with your IP as the timescales will depend on their case load.

Your creditors need have be given 28days notice of a variation meeting so in theory 3 months should be acheivable but do have a chat with your IP.
Regards Kelly Osadare Debt Advice Manager at www.pjgrecovery.com (host to www.melaniegiles.com.)

PJG Recovery have a free online advice channel at www.debtadvicetv.com. If you are ready to ask us for specific advice or help, then get in touch at www.pjgrecovery.com/contact-us.asp . I look forward to speaking to you.
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