Will we have paid off our debt in 3 years

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alan375

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Post by alan375 » Mon Jul 16, 2018 8:42 am
We are paying £725 a month at moment, we owe at moment £28000 we've been paying for 4 yrs & only paid off £12000 is this right & will it be paid off in 3 yrs as they predict does anyone have any idea

Foggy

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Post by Foggy » Mon Jul 16, 2018 9:14 am
During an IVA you always owe the full original debt, plus fees and possible statutory interest. The fees come out first!

How much was your full original debt ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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