Hi all, I am in the second year of my iva and am due to receive 7500 pounds in mis sold ppi. I have already paid 3500 into my iva and the total dividend agreed with my creditors is 16800. What sort of offer do you think I would need to make for a f+f settlement seeing as my creditors would receive the ppi money anyway ! My parents have told me they can lend me another 2000 taking the total paid into the iva to around 13000. I have spoken to my ip and they are looking into it for me .
Hi Strapped your IP is duty bound to put forward any offer you make to your creditors so if that is what you can offer then let them put it forward and see what the creditors say. It would be good if you had a reason why you want to bring the IVA to a close early.
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
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