www.iva.co.uk

according to my credit ref report i have 16500 pounds of debt i was going to do a iva but after contacting one of my creditors the fig ure he gave me in writing makes me 3000 under the 15000 limit how do i proceed the iva company checked my credit report and said i was over the 15000 im confused

Could it be that the creditor has made you a "short settlement" offer? That is to say the creditor is willing to take a lesser amount in return for getting it all at once, but if not then the original balance still stands.

It would be unusual for an IVA company to directly check a credit report, balances are normally established by you sending in all relevant documentation, such as statements, and if further info is needed then maybe talking to the creditor(s) directly if necessary.

Regards.

Hi Jim
As size5 said it may be a settlement figure that was provided to you which will be less then the actual amount you owe.

On a separate note and apologies for going off the subject but I would like to say welcome back to size5. Its good to see you back and under the circumstances, I hope everything is going okay with you.

Thanks

Cheers Declan.

I am still hoping to make the event in Birmingham if I can, so maybe I can put a face to the name with you and a few others there.

Regards.

Nice to see you back Size5. Hope you are ok.

Hi Jim,

My IVA was agreed through payplan and my total debt was £10k, you don't have to have £15k of debt to be acceped, just depends who you go with.

hi mike i was in your neck of the woods over the weekend,went to watch the boro play preston, stopped in machester had a great weekend.but i can still hardly speak shouting at the ref.lost me voice.its either that or bird flue,as i did end up in the BIRDCAGE.[:)]