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Posted: Sun Feb 03, 2013 6:47 pm
by ordal91
How do I qualify to finish an IVA in 3 months?
Posted: Sun Feb 03, 2013 7:02 pm
by Shining
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.
Posted: Sun Feb 03, 2013 7:16 pm
by luluj
Welcome to the forum - could you post a few more details about your circumstances so that our advice can be a little more specific.....
Posted: Mon Feb 04, 2013 9:29 am
by ordal91
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?
Posted: Mon Feb 04, 2013 9:43 am
by Shining
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.
Posted: Mon Feb 04, 2013 9:45 am
by Kelly O
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.