If an IVA is paid off early do you get any discount ?

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valerie
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by valerie » Wed May 03, 2017 10:32 am
If iva paid off early do you get any discount
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kallis3
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by kallis3 » Wed May 03, 2017 10:44 am
Hi,

Not quite sure what you mean? Your fees may be reduced and you may not have to pay statutory interest but that is about it If you make a full and final offer you may find it is less.
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Foggy
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by Foggy » Thu May 04, 2017 7:00 pm
A F&F will be based on the current monthly amount multiplied by the remaining payments ( plus 12 if a homeowner with equity). This figure can be rounded down a little to reflect savings made by the creditors in administration costs.
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