A f&f offer should be based on the best offer possible. A good starting point is
Monthly iva payment X months left
When making the offer the third party offering the funds should make it clear that you will only be given access to this money for the closure of your iva otherwise you will not have it.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Hi Shirl. If you have 5 years left I presume your IVA may have only started recently? You may have a modification in your IVA that prevents you from modifying your terms within a certain time. For instance HMRC sometimes insist that no variaitons are to be offered within the first 12 months of commencement. Check your IVA terms or speak to your Supervisor about this. Ultimately it's down to creditors to decide on what is a fair offer but if this would mean bringing things to a conclusion 5 years earlier (which also means less admin costs) then worth making a cheeky offer. If only £9k left over the duration then I might make an offer of £5k but this is just my personal opinion based on limited information.
