Paying off my IVA

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

lauren1104

Posts: 1
Joined: Sun Nov 08, 2020 7:27 pm
Post by lauren1104 » Sun Nov 08, 2020 8:39 pm
Quote
I want to pay off my IVA before I move in with my partner, I’ve got about 5k left to pay off. Will they need to check his bank statements etc or do they just ask for a letter? I’ve got about 28 months left and my partner has offered me the 5k to pay this off, however the money will be coming from his mum to his bank as a gift to him to help towards a house.
Top

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Sun Nov 08, 2020 9:08 pm
Quote
They will need to check his ID and confirm the source of the funds for money laundering purposes.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Mon Nov 09, 2020 1:57 am
Quote
If you are joining forces in setting up home, ensure you don't enter any joint financial agreements whilst your iva is still active as your partner could find his own credit rating is impacted by it.

Please also remember that even if you pay your iva off early, your record will continue to show your iva for six years from the date it started.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top
Post Reply
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”