I AM JUST ABOUT TO START THE 4TH YEAR OF MY IVA AND MY PARTNER HAS OFFERED TO CLEAR MY DEBT FOR ME BY OFFERING A FULL AND FINAL SETTLEMENT FIGURE. I HAVE CALLED MY IVA PROVIDERS TO FIND OUT THE PROCCEDURE, WHICH THEY WENT THROUGH WITH ME.MY OUTSTANDING BALANCE IF I WAS TO CONTINUE WITH MY IVA IS £5775.00 - MY QUESTION IS - WHAT WOULD BE A REASONABLE AMOUNT TO OFFER TO GET AN AGREEMENT TO CONCLUDE MY IVA? - IHAVE NO IDEA AND MY IVA PROVIDERS SAY THAT THEY CAN'T GIVE ME ANY GUIDELINES AND I WAS WONDERING IF ANYONE COULD GIVE ME EVEN A ROUGH IDEA
Hi, you should offer as close to the original dividend as possible . Make sure that your ip knows that this money is only available for this purpose.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
You will also need to explain why it is that your want the IVA finished early - has their been a change in your circumstances ? are you able to continue with your payments financially ? etc and as Kallis says make sure they know the money is only available if the F&F offer is accepted!
Personally I would look to offer £5000 as a starting point.
Good luck !
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
