IVA payment holiday

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1

suzan

User avatar
Posts: 11
Joined: Sun Jun 23, 2019 1:51 pm

Post by suzan » Tue May 12, 2020 4:55 am
Hello everyone
Decided to take a payment holiday for two months as on sick leave , can I pay the shortfall back and how soon ? As this will take me further to finish my Iva ...the thought of it lingering on !

kallis3

User avatar
Forum Expert
Posts: 75955
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Tue May 12, 2020 6:13 am
Hi,

You will need to take this up with your IP company - you can pay back the shortfall when you have the money. It is strange times for all of us now.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Foggy

User avatar
Forum Expert
Posts: 31265
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Tue May 12, 2020 7:42 am
As Kallis says, you need to chat with your provider. Most tag the missed payments on at the end, but I have heard of people paying in an extra 'lump', as and when, to cover arrears ---- if you do this, though,make sure it is documented --- you don't want them asking for it twice !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Suki12

Posts: 6
Joined: Sat Dec 21, 2019 8:21 pm

Post by Suki12 » Tue May 12, 2020 10:10 am
Thank you for that I will phone my ip and make sure they take the payment holiday off , i took the payment holiday as I panicked I wouldn’t have enough coming in , I can see the review on the online portal

Many thanks for your help..stay safe everyone.
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”