Can Larger Payments Work in an IVA?

In many cases an Individual Voluntary Agreement can allow a person to make payments on debts that are higher than what one owes on a regular basis. This can be used in order to ensure that a person will have more of one’s debts paid off.

In many cases the larger payments in question will reduce monthly expenses on an IVA through someone like CCS. However, in other cases it will only shorten the length of time that one’s IVA will work with. The terms for this can vary according to the contract terms that a person is dealing with.