Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
User avatar
Posts: 1
by andrea746 » Fri Feb 02, 2018 8:25 am
Do you pay interest to your creditors if you have an IVA?
User avatar
Forum Expert
Posts: 27705
by Foggy » Fri Feb 02, 2018 9:10 am
You no longer pay the contractual interest on the debts ... but, if you paid in enough to the IVA to cover the full original debt and fees, you might have to then pay statutory interest at 8% p.a simple, calculated on the reducing daily balance.
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: Bing [Bot] and 24 guests