This letter is designed to be used by a debtor who is alraedy in an IVA but wants to end it early with a lump sum cash offer.
Suitable for;
Someone in an IVA who has had an offer of a lump sum from a third party.
Someone in an IVA who's income will be reducing and they have a lump sum to offer for an early settlement.
Benefits;
IVA finishes early and debtor does not have to make anymore payments into IVA.
Disadvantages;
Creditors may not accept the offer and IP may charge for the variation meeting
IVA will still remain on credit file for six years,from start of IVA,even though it concludes early
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Download the PDF document. |
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Download the WORD document. |
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Template Letters
-IVA proposal questionaire
-Letter 1:Request to suspend payments and freeze interest for a set period
-Letter 2:Offer of a token payment and request to freeze interest
-Letter 3:Request a write off of the full debt
-Letter 4:Offer of pro-rata payments and request to freeze interest
-Letter 5:Offer of full and final settlement
-Letter 6:Request a write off from a catalogue company
-Letter 7:Offer of a pro-rata payment
-Letter 8:Offer of token payments
-Letter 9:Unable to offer payments
-Letter 10:Offering a lump sum as a full and final settlement of current IVA
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Budgeting at christmas 
