Windfall question

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derrick

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Joined: Sat Aug 22, 2020 8:18 am
Post by derrick » Sat Aug 22, 2020 8:18 am
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set monthly payments of 60 for next 5 years . does a windfall come of the payments you pay so it is finished early.
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Foggy

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Post by Foggy » Sat Aug 22, 2020 8:34 am
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No -- it adds to the amount the creditors get back, up to the max of ful original debt, plus fees and possible statutory interest.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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