I'm going to be making at full and final offer soon but I am in a dilemma.
At present the Iva would receive 9783.75 if I continued paying until the end. Would 9k be a good amount to offer? Or should I pay the December payment then make the 9k offer as the amount to go into the Iva would then go down to around 9300.
I don't want to waste time by making an unrealistic offer but equally I just want to crack on with it.
Last edited by Ruth.mh on Wed Dec 17, 2014 8:02 pm, edited 1 time in total.
Dreaming of the day that I'll finally be debt free!
It will take a couple of months for an offer to get through the system, by which time the £9k will give the creditors what they signed up for in any case.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Hi, £9k seems very reasonable to me as the creditors will be getting their money in advance in one lump sum. The process can take several weeks and is there any equity to release as that would have to be taken into account?
Last edited by winter_blues on Wed Dec 17, 2014 8:20 pm, edited 1 time in total.
No equity involved, CF advised that once offer is made to hold off paying my regular payments until I had an answer. If it went against me then I would pay the missing months
Dreaming of the day that I'll finally be debt free!
