Can I repay my IVA payment holidays early?

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Debt Monkey

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Post by Debt Monkey » Mon Nov 02, 2020 2:56 pm
I am entering my sixth year of IVA, no equity release was available, in my first year when paying £151 I took two repayment holidays, my repayments are now £295, would I be allowed albeit a bit cheeky to try and repay my payment holidays if I happen to have the available funds and therefore not have two additional repayments to make on the end at £295 instead of the £151? I am with Credit Fix.
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kallis3

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Post by kallis3 » Mon Nov 02, 2020 3:47 pm
You can always ask to up your payments slightly to make the payments. If you had funds available your company might want to know where they have come from and just snatch them anyway. Hopefully someone else can advise as well.
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luluj

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Post by luluj » Tue Nov 03, 2020 4:06 am
No reason why you can't if you have been able to save from your part of your allowances, however it won't necessarily speed up the end process and issue of your certificate etc.
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