Hi I’ve recently started a Iva 3 months ago with StepChange and in the wording of my Iva the IP can end it early Lately I’ve been dealing with heavy depression and close to loosing my job due to sickness I’ve managed to find a 3rd party who’s willing to pay off the equivalent of the remaining payments I would make but where I’m so early on in the Iva would it be accepted and if my IP says no then it’s up to creditors to decide can I have people’s thoughts if this is likely to be accepted or not?
Mental health problems are a good reason for paying off an IVA early, to prevent failure later on .. which nobody wants. Stepchange are fair with their operation of IVA's and, with their support, there is every chance of it beibg accepted. After all the creditors are getting done and dusted early too -- they don't like being in IVAs either !
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