www.iva.co.uk

If I am able to take out an IVA but my circumstances improve would I be able to pay off the balance early as a lump sum?

Also before trying for an IVA would I be able to negotiate with my creditors for 3 months to make reduced payments with interest and charges frozen in order to more accurately assess my budget?

Hi there and welcome to the forum

If your circumstances improve, your creditors will expect to share in that improvement, and will not necessarily allow you to complete the arrangement early.

You could try and negotiate a freeze of interest and charges for a three month period, but I cannot see how this will help you work to a budget.