Is any money knocked off the outstanding amount if IVA finishes early ?

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valerie
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by valerie » Mon May 01, 2017 8:14 pm
If i wanted to pay my iva off do they knock any money off the outstanding amount it finishes dec 2017
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Foggy
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by Foggy » Tue May 02, 2017 7:01 am
If a reasonable amount of time is saved (therefore administration costs) then some can be "rounded down". But, if your IVA has only 7 or 8 months to run, any savings would be negated by the extra fees a lump sum offer would cost. Bear in mind, also, that an offer takes a few months to go through the system!
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