Hi I have 5 months left of my IVA and owe £2650, I would like to settle early as I need to start saving asap do you think I should ask to settle early or just wait the five months and if so how much do you think would be an acceptable amount to offer. My parents are willing to give me the money.
many thanks
With only five months to go - personally I would recommend that you see the IVA out. It may take a couple of months for your IP to be able to prepare the documents and there does not seem to be much point or any savings to be made.
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
See the IVA out - far better and less costly and you'll get your Certificate of Compliance soon after it completes.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
