Hi I'm 5 months into my iva
It's 6 years and I pay 80 pm
A family member has offered to help me end my iva
Should I offer the full outstanding amount 5360
Ate the likely to accept after so little time
Hi and welcome, to offer a full and final may be accepted, you will need to give a reason for your offer. Do you have any equity to release from a property? If so this would need to be addressed within the offer.
Often the creditors would like to receive their money sooner rather than later so it may well be looked upon favourably.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Should I offer the full amount of would 4500 be looked at
I've asked my iva company for a settlement figure but no reply yet
Do they loose out on fees if you pay early
Hi again, to offer as near as possible to the original dividend does mean the creditors are getting their full dividend earlier and may be looked upon favourably.
When you make the offer do ensure you state the money is only available for the successful full and final offer.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I would offer £4500 .... the IP will get a little less, but will not have to work for it ! Also the creditors will be saving a chunk in administration over the next few years.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014