FULL AND FINAL LUMP SUM - if I wanted to offer a full and final payment do I have to take into account the fact that i.m supposed to come up with a large payment via remortgage? or do you just work it out on the no. of monthly payments left

no mortgage

thanku but I don't have a mortgage and its joint owned b my partner. will have to ask ip I think

thank goodness for that and thanku for your answer

oh dear I thought they meant a new mortgage thankyou for your reply

when they say remortgage do they mean a new mortgage or do they mean equity release

as the iva is in my name but they take account of our joint finances would they be able to take my partners share of the house?

following on from a related topic maybe members could use this site to rate their ip which would be of help to people considering an iva and which company to go with? i wish i had found the site before i started my own iva. i would like to rate payplan as 5 out of ten. they were extremely helpful be...

hello foggy i answered without looking who they were responsible too but as you say they should be bombarded with complaints. the length of time some people have been waiting is shocking. in fact some ip,s could use this to their advantage by advertising the average length of time for completetion d...

hi herbekj , can i ask what firm you were with?

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by herbekj I entered an IVA with exactly IVORIVAs terms. See my signature, My IVA is over now for 1.5 years, but i still come back and cry when I see people who have fully paid before I did and still have...

maybe if everyone started complaining to the financial ombudsman or suchlike something might change. these companies must be responsible to some kind of governing body? we should,nt be kept waiting when we,ve kept to our side of the arrangement

hello evilmo hope this helps- my partner is in a debt management plan and one of his creditors recently offered to accept 50% as a full and final of that debt-which we were quite amazed at! if you went bankrupt they would only get something like 22 or 27% (cant remember which) so i would think they ...

can anyone tell me what percentage of debts would be accepted as a full and final?

thanku for all your help melanie.

if thats the case i would have thought they would be glad of a lump sum now