I am writing to ask if you would be prepared to put forward an offer of early settlement using funds of £xxx to be provided by my partner, which can be made available within xxx weeks.
If this sum is not acceptable, could you let me know what would be required to present an offer to creditors that you felt had a good chance of acceptance.
Thanks for your best wishes. I know that the word "reasonable" can be interpreted in so many ways but in my case I owe around £7,500 but also have an equity release clause within my IVA at the end of year 4 set at £14,800. I have already approached lenders to see if I can borrow the equity release amount and all applications have to date, come back negative. Therefore would it be deemed "reasonable" to offer the £7,500 as the Full & Final figure as this would include the total amount I would pay if my IVA was extended for a further 12 months due to me not being able to re-mortgage the 14k ?
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
