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Posted: Thu Oct 30, 2014 12:25 am
by Darrendj56
Can a creditor demand more money at the end of a iva or is the agreed amount of debt the only money you need to pay to end the iva
Posted: Thu Oct 30, 2014 8:51 am
by Foggy
If they were ( as they should have been ) included in the IVA they are obliged to write off the debt when the IVA successfully concludes and cannot demand anything relating to that loan.
Posted: Fri Oct 31, 2014 2:58 pm
by Steve Rees
Have all the terms of the IVA been met? If so then they cannot demand more money - there would have to be some justification which your IP would then have to deal with for you.
Posted: Fri Oct 31, 2014 3:33 pm
by Michael Peoples
No creditor can add interest on at the end of an IVA but I have seen it happen in debt management. An IVA is a legal document and gives you full protection.