I wish to settle my iva early, it is due to finish in september. I pay 400gbp per month, and i am up to date. i spoke to my iva provider and they said an early settlement was fine. 3200gbp to end my iva, however i got an email from then saying to end early more like 6000gbp is needed. HOW? i dont understand??!!
Contact your IP again as this does seem odd that it would cost more to finish the IVA early than to run it's course. It may be that a minimum dividend was guaranteed and the balances have come in higher but even so this should not make much of a difference. Was there a property involved and equity offered?
You are definately getting mixed messages there, and I would get your IP to send you a settlement figure in writing based upon you returning the level of original dividend offered.
Where is the money coming from to settle, and could you raise £6,000?
