hi i have 15months left on an iva and i would like to pay a final amount, as a friend is willing to help. but i want to know a % that i should offer i have approx £10000 left. my iva company wont give me any guild lines to this. i was hopping about 2000 - 4000 Max
Hi Stuart. The starting point should be your monthly payment x the number of months left. This should only be reduced according to circumstances -- ill health, loss of job, good reason for being unable to pay the total due.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I'd agree, a good start would be how much is remaining. It would help if there had been a change in circumstances affecting your ability to maintain your monthly payments as creditors might see a lump sum from a third party as better than nothing.
