Canceling loan agreement before starting IVA

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annie627
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by annie627 » Sat May 06, 2017 7:37 pm
I am just about to start iva can I cancel my loan agreement now before it goes out of my bank this month

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Foggy
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by Foggy » Sat May 06, 2017 7:48 pm
Do you mean cancel the payment ( direct debit) ? Yes, you can, but the creditor will start hounding you for payment between the missed payment and the start of your IVA. How far into the IVA process are you ?
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Lisa Thomas
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by Lisa Thomas » Mon May 08, 2017 2:52 pm
Yes you can stop payments to your creditors in anticipation of the IVA.
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