lynne251 wrote:If you get enough money to pay off you I.v.a what would happen, I still have 2 years to go, would I still have to pay fees to the people I have my I.v.a?
Assuming the money is a third party gift, if you make a successful F&F offer, you pay that over and then you can stop payments and the IVA will be closed down and finished. It will, however, stay on your credit files for the full 6 years from the start, but be marked completed.
If the money is from an inheritance or windfall it has to be paid in as extra income and will not end the IVA early, unless it covers the full original debt plus fees and statutory interest.
Who is onlineUsers browsing this forum: No registered users and 55 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location