www.iva.co.uk

Both my wife and I have IVA`s, which have been going for approx 3 yrs. My wife has been offered the money to clear her IVA by a family member. My question is, is it worth it because when my review comes around they will note I have We have an extra £170 available as a result of not having to pay her IVA any more. So they could increase my payment accordinly...

If the money is being given to your wife as a loan, wouldn't she need to be repaying the loan at the same rate as her original IVA payments?

Hi Melanie. No the loan has been offered to clear her debt, and not to be paid back until we both come out of our IVA `s and get back on our feet

I suggest that she treats it as a loan - or else you are right that her disposable income may well need to be included in your increased payments to creditors - and there will be less left to pay once the IVAs are completed.

Hi must be getting late..... So you are suggesting take the offer pay off the IVA and declare that she is paying a loan on the IVA expenditure review ?? Sorry if I appear not to grasp this

I think that this is the most sensible way forward - given that you have accepted that the money is a loan which has to be repaid at some stage.