www.iva.co.uk

hi there we are in our last 2 years well 22 months of an extended iva which will have lasted for 8 years... we pay in 200 a month and obviously 50% of overtime... my mum has said that she may be able to help us settle it... i spoke to ip who said our agreed amount to pay in was 22500... we have paid in 18263 so she said an offer nearest to the difference may be accepted... would 3500 be too low do you think really want them to accept this thank you... the dividend is 15p in the pound that they are receiving..

Hi Emma, what a lovely offer from your mum,

The offer sounds good to me, get on to your IP as they will know for sure if it's close enough. Make sure they know this money is only available for a F&F.

Let us know how you get on x

Hi there emma

From what you have said you would pay an additional £4400 if you continued to pay your IVA as normal. As such I would have thought a lump sum offer now of £3000 would be more than anough. That is a far better offer than having to wait a further 22 months for £1400 more. My suggestion is say that your Mum can come up with £3k and see what your IP says. You can always go up to £3500 if necessary. If this is not accepted, then I would tell your Mum to keep her money. It simply isn't worth it....

thank you am going to put in the offer of 3000 fingers crossed

Fingers crossed from me as well Emma, hope it gets accepted.

Let us know what happens.

GOOD LUCK FROM ME ALSO - bet you be glad to get rid of this very long IVA

Great advice from James - hope your offer is accepted - an 8 year IVA is a long time to be living on a tight budget - well done for sticking at it and coming this far x