I kept going IVa second year,the total outstanding amount is 12000 to is set to 5 years repayment,when I got into trouble I agreed with IVA,I plan to continue with IVA,but now some company offer liquidate debts by 75 percent,and it is do not understand,I have to repay 12000 but if some companies write off 75 percent of the total debt it would be easier to pay off,I therefore ask of me some might help with that or do I have repay the full 12 000
If you are in an IVA then you are likely better to remain there. Check the insolvency register to ensure your name is on there and you have not been sold a debt management plan.
If you are on there speak to your IP and show them the letter but if you are not on the register I suggest you speak with an IVA firm to see if this the right option for you.
A lot of these companies are offering IVA's and 75-80% reduction in debt is the headline figure.
I've had over 10 emails alone this morning pushing it.
I would ignore especially if you are already in an arrangement.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
I am there Insolvency register ,I maybe don't understand properly your advice is stay iva and repay full 12000.i just want ask there is not way pay less like 12000 but like cut of 75 percent down
They are offering an IVA - once in an IVA you cannot change who provides it unless you let your current one fail which will be wasted time and money.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Any iva will take all of uour disposable income so another company cannot reduce your payment. Your own IP may be able to do so if you are struggling. Ask for a new I& E if you feel your payment is unreasonable.
Agree with Foggy and Lisa - forget this and just carry on as you are.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
It is likely that the £12,000 you are paying to the IVA is a percentage of your original debt so you have had a writedown already. These firms are trying to sell you something you already have.
