A relative has offered to pay my IVA in full. I have only been in the IVA six months, and the full amount I owed was £7770. My cousin is offering £7000. Will they make me pay more towards my debts, or do I have a chance of this being accepted?
Sounds like a good offer to me but you do need to speak to your IP and make sure they know the offer is only available for a 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
Bearing in mind that your creditors and your IP will be saving a chunk in admin costs over the next few years this sounds like a very good offer to me.
As Kallis says, make sure they know that this money is only available for a F&F offer and, if rejected, your relative will be keeping the money which will not then be available to the IVA estate.
Last edited by Foggy on Tue Sep 20, 2016 7:36 pm, edited 1 time in total.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
