Posted: Wed Sep 05, 2012 7:31 pm
Hi
My parents have offered to borrow me the money to offer a full and final settlement on my IVA and i just wanted some advise.
In payments that are left to pay and some arrears we owe about £9500. Initially there was also £3500 equity in the house which stated had to be released in year 4. last year (in year 4) we had a valuation done which showed we are now quite a lot in negative equity. I sent this to the iva provider as requested but heard nothing more about it. I was thinking of making a full and final offer of £9000. Is this a reasonable offer to be accepted? bearing in mind my remaining payments and arrears only add up to £9500 and i'll probably have paid some more by the time i hear anything from them. Or would they want the equity we no longer have on top? Just wondering what my chances are of having it accepted.
My parents have offered to borrow me the money to offer a full and final settlement on my IVA and i just wanted some advise.
In payments that are left to pay and some arrears we owe about £9500. Initially there was also £3500 equity in the house which stated had to be released in year 4. last year (in year 4) we had a valuation done which showed we are now quite a lot in negative equity. I sent this to the iva provider as requested but heard nothing more about it. I was thinking of making a full and final offer of £9000. Is this a reasonable offer to be accepted? bearing in mind my remaining payments and arrears only add up to £9500 and i'll probably have paid some more by the time i hear anything from them. Or would they want the equity we no longer have on top? Just wondering what my chances are of having it accepted.