Hi my wife's has been waiting for. full and final settlement figure for a month or so, and today she had a call saying she had to pay £10.000 this would total with what she has all ready paid £20500,00 we asked could they break this down so we know who was getting what as her iva was for £9100 in total, so this works out over £11000 with interest and fees. She has been told if she doesn't pay it today it would need to be recalculated to add more interest before she pays it tonight just hoping for some advice as this figure seem really high.
They have provided a full settlement figure - not what was asked for.
Full and final will normally be normal monthly amount times number of months left on agreement plus extra 12 months if you have over £5k in equity on a property.
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.
Has there been a creditor meeting for this full and final?
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
