Any benefit from paying IVA off early?

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
 
 

Maria.gs

User avatar
Posts: 1
Joined: Wed Aug 25, 2010 2:28 pm

Post by Maria.gs » Wed Aug 25, 2010 2:28 pm
My iva is due to end at Christmas 2012 and I'm thinking of paying it off early. Would I benefit from that?
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:

Post by Adam Davies » Wed Aug 25, 2010 3:54 pm
Hi
If it concludes early you will no longer have to notify your IP of any windfalls, extra income. Your credit record will not improve until the IVA falls off your credit file six years from when it commenced
Regards
Andam Davies
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”