I am currently working and our company isn't doing great. I owe £2900 on my iVA paying £91 per month. I have made an offer of £2000 coming from my mum if pay IVA in full. I have no equity I rent my house and have 2 children. I am a single mum and just want to see what the likelihood of them accepting is?
I think, if you labour the point that your employment is in jeopardy, that they would look seriously at the offer. Although it is a little short of what they would expect over the term, they are getting it 2 and a half years early and saving on admin costs of dealing with 30 more small payments. Also, these things take a while to set up, by which time you would have made 2 or 3 more payments to bring the total left to pay a little lower.
Worth a shot I would say
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
