www.iva.co.uk

Hi everyone,
I posted into the forum last year at a point for some advice and I’m back again as I am finally ready to offer my full and final amount.

I have been in contact with PayPlan today who have let me know that the outstanding balance on my IVA is £3718.92. I’ve been in it over 2 years now and have had my payments upped from the original agreement made which in turn resulted in the outstanding balance being more than what it would have originally been.

What would you think a fair offer to be? I’m quite OCD and would like to offer £3000 on the button, however would this been too low of an offer?

Appreciate all help given on this and hope everyone is staying safe during this very weird time across the UK!

Many thanks
Ryan

Ity depends on what Payplan mean by 'outstanding balance' --- if that is the total of remaining payments, then I think £3k would be a reasonable offer to make, shaving 3 years off the IVA at the same time.

Sorry, yes! Remaining payments over the remainder of the agreement period.

£3000 would be wonderful, although I can go slightly higher.

£3k seems like it might just about do it. I presume the offer is coming from third party funds?

Offer is coming from my mother for a full and final settlement to close the IVA up. Do you think it would be wise to offer slightly more?

No - I would keep the offer as it is.

I would be very clear when making your offer that should it not be agreed you would not have access to this money

£3000 seems a sensible offer based on the fact payments between now and when offered submitted / agreed will continue

Good luck

Offer the £3k first. You can always increase if they reject/ask for more.