Hi, well this is really up to you. I personally didn't pay from October - February when my IVA in the process. Others choose to pay full amounts, some choose token payments. I don't' personally feel it has a bearing on the outcome of the meeting and gives you the opportunity to build up a bit of a contingency fund prior to entering the IVA.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Like Lesley we didn't pay during the weeks leading up to our iva being approved...we built a little savings pot up which was absolutely crucial in the first six months to help over come the emergencies that always seem to crop up when you least need them.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
I agree with Lulu and Lesley that it is up to you and is unlikely to have any impact on whether or not your IVA is approved. If you have pressing issues such as mortgage arrears or house/car repairs it may be better to use the funds for these purposes rather than paying creditors.
Same here. I did not pay anything between the time I sought advice to my IVA being agreed
The one thing I did though was write to each creditor and explain I was having difficulty and seeking the advice of an IP professional. I asked them for their patience whilst this was happening. They were surprisingly understanding and said they would wait for contact from IP
There are 10 kinds of people that understand binary, those that do and those that don't
