Usually a reduction in the IVA payment due to reduced circumstances isn't repayable, unless you have a minimum repayment clause. How long an extension are we talking about ?
well I was paying £146 a month, then as I was out of work for a few months they let me pay a reduced amount of £100 a month but that meant a change which cost £500 and an extension of 12 months plus the 4 months I'd missed payments....basically my IVA would of finished last August but now won't finish until this December. I was just thinking if I only have ten months left would it be worth paying it off now as I have some owed tax credits and holiday pay due...or just wait...I kow it sounds silly but I just want it Over so I can rebuild my credit rating and feel 'normal' again - whatever that is
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