We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
IVA Advice - Settling IVA then selling house
UniqeNewYork
Posts: 14 Forumite
in IVA & DRO
Hi all. I've had an IVA for 30 months with another 30 months remaining with a probable extra 12 months extensuon. Currently pay £70 a month & have been offered from a family member a loan of remaining payments to settle IVA. My IVA provider has estimated this figure as being £2100 but obviously that doesn't guarantee that figure being correct.
Quite keen to do it just to remove it from from hanging over me. I'm aware the IVA still appears on my credit rating for same duration regardless of whether it's settled. What I can't find an answer to, despite searching through numerous IVA advice sites is what happens if I sell my house once it's settled even if an IVA is still on my record.
Can funds from sale still be claimed via IVA or once it's settled is that no longer an option? Thanks 😁
Quite keen to do it just to remove it from from hanging over me. I'm aware the IVA still appears on my credit rating for same duration regardless of whether it's settled. What I can't find an answer to, despite searching through numerous IVA advice sites is what happens if I sell my house once it's settled even if an IVA is still on my record.
Can funds from sale still be claimed via IVA or once it's settled is that no longer an option? Thanks 😁
0
Comments
-
Once it's settled it's settled. £2100 sound like a very small amount to settle an iva. How much were the debts going into the iva?0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 348.9K Banking & Borrowing
- 252.3K Reduce Debt & Boost Income
- 452.6K Spending & Discounts
- 241.7K Work, Benefits & Business
- 618.3K Mortgages, Homes & Bills
- 176K Life & Family
- 254.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards