www.iva.co.uk

Hi

I had my annual review and my payments were initially 90.00 per month but have annoyingly increased to 154.00 per month starting in December

I haven’t told my parents I am in an IVA and I am going to speak with them and hopefully get them to gift me the money to end.

I have 42 months left of my IVA, shall I offer a final offer based on 90.00 or 154.00 , and what would you say realistically the lowest is they would accept. I am with the dreaded creditfix

You have to base it on the increased payment, so 42 x 154 ..... £6464. CF are notorious for grabbing as much as I can and will probably say you should offer far more, but, with any other firm I would have said around £5k would be a good offer.

I am sure that you have read the stories about CF, so I will not repeat them here, but stick to your guns. These things are for the creditors to decide, not the IP.