RE Equity Clause... ...I am the same as you - it was never discussed by my IP and yes I rent - no assets at all!

Thanks very much, reallly appreciate all the advice - this sounds too good to be true! [:)] I just wish my IVA case workers had told me this.

(To answer your question.. ..My payments were originally set at £448 a month but increased to £503 a month for a year with a shift pay rise at work but have now reverted to £448.. ..my IVA is due to finish in March 2011. No equity clause).

Thanks very much for the advice.. ..If this is definitely the case, it makes a huge difference to me and I will speak with my IVA people again... ..they led me to believe that I could only end the IVA early if I paid off the whole pre-IVA debt figure and not the agreed IVA dividend. Thank you for ta...

Thanks.. ..when you say full and final payment do you mean of the IVA total or the original debt total which is of course much higher? (Sorry to be a pain, but this would make a big difference). Thanks

Thanks for reply - what I mean by anyone settling on my behalf is that I know it is possible for this to happen. But I also am led to believe that strictly speaking its unethical to syphon money to a third party and then get them to present it to your creditors as a settlement offer. I do not want t...

I am just under halfway through my IVA and am fortunate that I can keep up to £500 of my OT per month (when I can earn it) before the creditors take any extra. I was told that I could use this for any purpose but I cannot use this money to pay off my IVA early (?). As I cannot raise the money to pay...