Hii have 18 months left of my IVA and have the option of a F&F settlement.

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ivablues

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Post by ivablues » Fri May 30, 2014 12:40 am
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Hi

i have 18 months left of my IVA and have the option of a F&F settlement due to a gift. i pay £379 per month, would I multiply this by 18 months to come to a figure or offer less than this? Also what information would DFD require for this? Would it mean that the IVA is complete? Would they still look at remortgaging the house? I am in negative equity anyway so no money available!

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MelanieGiles

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Post by MelanieGiles » Fri May 30, 2014 12:45 am
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Would your funder be able to raise sufficient funds to meet the equivalent of your remaining payments?
Regards, Melanie Giles, Insolvency Practitioner
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ivablues

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Post by ivablues » Fri May 30, 2014 3:32 pm
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I need to have an idea of what to offer and then they will confirm if they can fund it. About 5500 should not be a problem. I have read on here to offer slightly less?
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