However at that rate the IVA should end earlier than the 5 year mark when you hit full debt repayment plus fees and statutory interest. On a debt of £7,000 I would expect payments to stop when you hit around the £12.5k mark.
Who is onlineUsers browsing this forum: Bing [Bot] and 23 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location