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Iva
Comments
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Do not just pay it off the IVA.
As IVA is not an agreement to pay a fixed amount - if you pay more now, you will still be bound to your normal monthly payments unless you propose a full & final settlement. You could ask you IP about a F&F to end the IVA early, but in these circumstances it's pretty unlikely unless you can pay off the whole amount. And even then if you have a house with equity there would be a question of releasing some of that.
Unless you have a LOT saved, I would just keep it. If your finances get more difficult, then you will have this reserve to help let you finish the IVA.0
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