www.iva.co.uk

Hi all
I had a debt of 40k and joined the IVA with Blair Endsby which moved to Grant Thonton amd ended with Aperture but looking at the posts on here I am wondering was I mis informed and told to pay to much per month .. I was paying £675 per month and I see on here that some are paying a lot lesd ... I know mine is now finished but was I paying to much .

Hi,

Everyone is different and it depends on your disposable income, the object is to pay back as much as possible to your creditors, preferably 100% plus fees but as soon as your IVA finishes your remaining debts are written off.

As Kallis says -- we each pay whatever our disposable income works out at -- there was recently a poster paying over £1100 each month, another paying £89. Our allowances are all based, broadly, on the same set of guideline amounts. The ethos is that you pay what you can afford.

Thank you for clearing that up for me .. with ppi I was able to pay back 95% of the debt.

Hi

You have done well, as others have said the whole idea of an IVA is to repay as much as you can reasonably afford to, over the agreed time period.

Some people will repay just a few pence in the pound and others the whole amount plus statutory interest and fees/costs

It is all down to personal circumstances and affordability, everyone will enjoy protection from further creditor action and contact whilst in an IVA regardless of the amount that they are paying

Kind Regards

We started at £379 and at the end we were paying £652 on debts of a 100k,our income rose over the six years I ended up paying 29p in the pound so everyones iva is different with different dividends at the end