Additional payments

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Engineer

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Post by Engineer » Mon Aug 23, 2010 10:22 am
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Hello

I've read that 50% of overtime has to paid into IVAs.

Does this reduce the length of time the IVA is in place or do the creditors get more?

Thanks
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Skippy

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Post by Skippy » Mon Aug 23, 2010 10:41 am
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Any overtime means that the creditors will get more. However if you were paying back 100% of your debt plus fees it would shorten the length of the IVA.
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