Final offer

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EduLaur91

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Joined: Wed Mar 17, 2021 12:47 pm
Post by EduLaur91 » Tue Nov 22, 2022 7:48 am
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Hello. I have a few questions regarding my iva and a final offer which I would like to propose.
I paid 24 month of my IVA and left with 36 more(170£ P/m). I recently started Uni and applied for Student Finance. I was thinking if I could make an offer to the IVA company for a final offer using the money I would receive from Student finance( Maintenance loan). Would I have any chances to be accepted? I made the math and 36x 170 will be 6120. I was thinking if I could offer the same amount or maybe a bit over just so I can finish with the IVA ? What are my chances? I am with Financial Support Systems. Thank you.
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Breezy

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Joined: Thu Jun 24, 2021 10:04 am
Post by Breezy » Tue Nov 22, 2022 7:57 am
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In principle, it could work. But some creditors do not like F&F offers funded by borrowed money.
I am not qualified to give advice and can only state my opinions, based on my IVA experiences.
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EduLaur91

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Joined: Wed Mar 17, 2021 12:47 pm
Post by EduLaur91 » Tue Nov 22, 2022 8:04 am
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The only reason I’m thinking of this, is because I won’t have to give those money back until I finish Uni. Plus I don’t own a home and I don’t have any equity.
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