I will be in my final year April 26th this year and I have been asked for my last three months payslips, bank statements and p60 as I always have done on my yearly review. I have been offered money for a full and final offer to end my Iva a year earlier. Is it best to get review over with 1st or do it now ?
I have my final review 26th April 2019, 4 years gone , woo hoo , I have been requested the normal paperwork to send in last week. A family member has offered me the money to finish the Iva a year early, my question is is it worth it?
Would I wait till my review has been completed then offer full amount dnfinal payment to beforehand ?
I have merged your two questions to avoid duplication.
In my opinion I would not do it with only a year to go as by the time the offer is made, accepted and paid you will save very little from doing it.
Your credit rating will not change until the 6th anniversary from the start date so no benefit in finishing earlier really.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
It takes at least a couple of months to get a full and final through and a final review will still need to be conducted at closure, although with less emphasis on expenditure going forward. Speak to your IP and see that he / she requires from you.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I was in a similar situation and decided to do the full and final offer as my stress levels were through the roof! The IVA company I used were....not the best and quite threatening at times.
It depends on how you feel really, If you have had enough and want things sorted sooner rather than later I would go for it.
