question category: IVA

will I have to pay extra interest if I pay back an IVA early?


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Re: will I have to pay extra interest if I pay back an IVA ...

Not usually but this would have been set out in the original terms and conditions of the proposal you signed.

Refer this question to your IVA supervisor and I'm sure they will be happy to advise you on how to end your arrangement early.

This question was answered by Debt Advice Foundation, an independent UK debt advice charity. If you're considering entering into an IVA, Debt Advice Foundation provides a free, confidential helpline and can advise you on whether you qualify. Click here to find out more.

 

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