if i have cleared the loan?

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hayley.11

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Post by hayley.11 » Fri Sep 03, 2010 10:50 pm
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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?
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Shining

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Post by Shining » Sat Sep 04, 2010 12:14 am
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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.
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plasticdaft

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Post by plasticdaft » Sat Sep 04, 2010 8:08 pm
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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.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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