can a iva run longer then 5 years

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gavin

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Post by gavin » Sat Aug 04, 2007 9:14 am
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hi if my iva dos not go throw can i offer to pay it over a longer time ie 7 to 8 years so they get more in the £
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
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hara

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Post by hara » Sat Aug 04, 2007 9:25 am
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I think so.

hara.
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iva_squirrel

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Post by iva_squirrel » Sat Aug 04, 2007 9:30 pm
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Hello Gavin,


Usually an IVA will last for around 3 – 5 years (36 - 60 months) however they can be any length.

How long an IVA lasts will depend on your
proposal; most IVAs are based on monthly
contributions from your disposable income
and generally last 5 years.

The IVA will end when it is successfully
concluded; that is, when all the sums set out
in the proposal are paid.

Kind regards,


Julia Simavi

Shortlisted with special commendation for Debt Counsellor of the Year by Credit Today Awards 2007

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