I have 7 months left to pay on my IVA. Can I pay it off before the end ?

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mary752

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Post by mary752 » Tue Apr 11, 2017 5:27 am
I have 7 months left to pay on my iva. Can I pay it off before the end?

luluj

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Post by luluj » Tue Apr 11, 2017 6:25 am
In all honesty by the time you organise a full and final and creditors agree to it your 7 months will be up.
By clearing early it will not clear it from your credit records unfortunatelty so at this stage I personally would say hang on its nearly over !
Sharing from experiences of dealing with debt

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kallis3

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Post by kallis3 » Tue Apr 11, 2017 7:34 am
Hi.

I agree with luluj - it's not worth the hassle.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
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Foggy

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Post by Foggy » Tue Apr 11, 2017 7:53 am
I agree with the above comments -- not worth the hassle to end a couple of months early.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Lisa Thomas

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Post by Lisa Thomas » Tue Apr 11, 2017 8:24 am
Stick with it - too close to the end to try and get a variation now - some IP's take months to do this.

Are you sure you only have 7 left - do you have an interest in a property and if so have you allowed for the common 12 month extension clause relating to equity in your property?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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