Canceling loan agreement before starting IVA

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
User avatar
Posts: 1
by annie627 » Sat May 06, 2017 7:37 pm
I am just about to start iva can I cancel my loan agreement now before it goes out of my bank this month

User avatar
Forum Expert
Posts: 24444
by Foggy » Sat May 06, 2017 7:48 pm
Do you mean cancel the payment ( direct debit) ? Yes, you can, but the creditor will start hounding you for payment between the missed payment and the start of your IVA. How far into the IVA process are you ?
User avatar
Lisa Thomas
Industry Expert
Posts: 6095
by Lisa Thomas » Mon May 08, 2017 2:52 pm
Yes you can stop payments to your creditors in anticipation of the IVA.
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 9 guests