Posted: Wed Mar 04, 2009 12:45 pm
I currently have paid 26 installments towards my IVA, cant remember what the original debt was (~£45k), but have paid £360 for 24 months ... so would end up paying £360 x60 = £ 21,600.
Just out of curiosity , i enquired today with my IP , what would the value be ,if, i wanted to settle the IVA early and was surprisingly told it would be the original value of the debt (~£45K) .. Is this correct?
Also im increasing my payments from this month by another £30 ( making it £390 ) , hence does this net off ( ie i end up settling the debt earlier than 60 months , thought not ) but appreciate if anyone can clarify on these 2 questions .
Thanks in advance
Maya
Just out of curiosity , i enquired today with my IP , what would the value be ,if, i wanted to settle the IVA early and was surprisingly told it would be the original value of the debt (~£45K) .. Is this correct?
Also im increasing my payments from this month by another £30 ( making it £390 ) , hence does this net off ( ie i end up settling the debt earlier than 60 months , thought not ) but appreciate if anyone can clarify on these 2 questions .
Thanks in advance
Maya