Do I continue with monthly payments after a lump sum?

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Post by marie445 » Fri Nov 20, 2020 3:54 pm
I have 15 months left of my IVA with Creditfix and £1170. My parents have offered to pay £1000 off for me. Would i still have to pay my monthly amount until my IVA is finished or would it be completed?
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Post by Foggy » Fri Nov 20, 2020 4:45 pm
If the offer of £1000 is accepted by your creditors then, after that payment is made, regular monthly payments stop.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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