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- Joined: Fri Sep 03, 2010 10:50 pm
If i have taken out an IVA when i was out of work, but now have a job and can pay the loan back early do i still have to pay over the next five years, if i have cleared the loan?
- Posts: 27019
- Joined: Thu Sep 20, 2007 8:57 am
Hi Hayley and welcome to the forum. Congraulations on sourcing a job.
Are you in an IVA?
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
- Posts: 9562
- Joined: Wed May 21, 2008 12:45 pm
- Location: United Kingdom
If you opt to pay the loan back early interest will be added and your credit record will be shot for the 6 years anyways. You could allow your IVa to fail but its probably not a smart move.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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