What happens if my monthly IVA contribution is late?

If you think that you will not be able to make a payment on time, then it is important that you let us know as soon as possible.

Under the terms of the agreement, all payments should be made on time otherwise the IVA could fail and you would then be left facing bankruptcy.

If there is a good reason for the payment being late on this occasion then it shouldn't have a detrimental affect on the IVA. However, if it is a recurring problem, then it may be necessary to reconsider the viability of the IVA.

For more information, call us on 0800 16 999 46 or simply fill in the online application form above. Our initial advice is free and completely confidential so why not give us a call today...

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Other FAQ

• What is an IVA?

• Will an IVA affect my credit rating?

• IVA, Debt Management Plan, or Bankruptcy?

• Can I set up an IVA if a Bankruptcy Order has been made against me?

• Who can benefit from an IVA?

• What does it mean if my IVA is not approved?

• What are my options if my IVA is not approved?

• My IVA has been approved, what do I do next?

• What happens if my IVA is approved with modifications?

• What happens when my IVA proposal includes the provision that I have to sell/realise some of my assets?

• What happens if my monthly IVA contribution is late?

• Do I still have I deal with my creditors once I'm in an IVA?

• Is it possible to finish my IVA early?

• Why would I vary the terms of my IVA, and what would it involve?

• Will I be debt free after my IVA?

• What is a Full and Final Final Settlement Offer?

• How can I get IVA help?

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