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Iva
JamieDoxey
Posts: 1 Newbie
HI guys
Bit of advice needed please.
I entered into an IVA last June, at the time I was very depressed and just didnt care, I really wish i had have thought about the impact of an IVA at the time.
Anyway, my debts were roughly 15K, and i was due to pay £120 a month
I have got a new job however and its much better paying, Ive worked out that the IVA payment will go up to around £800.
As i still have 4 years to pay will I continue to pay £800 to the end of my agreement?
Bit of advice needed please.
I entered into an IVA last June, at the time I was very depressed and just didnt care, I really wish i had have thought about the impact of an IVA at the time.
Anyway, my debts were roughly 15K, and i was due to pay £120 a month
I have got a new job however and its much better paying, Ive worked out that the IVA payment will go up to around £800.
As i still have 4 years to pay will I continue to pay £800 to the end of my agreement?
0
Comments
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You shouldn't ever pay more than your debt so at some point once you have paid £17K you should be having a variation meeting.0
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foxy-stoat wrote: »You shouldn't ever pay more than your debt so at some point once you have paid £17K you should be having a variation meeting.
You don't need a variation meeting. If you pay 100P in the £ (so the 15k plus the fees of the IVA) then you IVA concludes and your completion certificate is issued.0
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