www.iva.co.uk

Hi - I have 22months left on my IVA - Complete November 22.
I pay £125 per month and have been talking with Credit Fix about settling early.
I was going to offer £3000.00 - gift from family to leave early. (if I stayed in till completion I would pay, 22 x 125 = 2750)
Would £3000.00 be a sensible offer?
I have been advised it also costs £300 to call the creditors to the meeting - so in total I would pay £3300.00, is that correct, £300 to call for the meeting?
Any advice/help would be great.
Thanks Andy

I would be tempted to offer to offer £2500 based on payments made between now and when it is accepted and early payment to creditors

Unfortunately CF do add fees to your final offer (the only company that do as far as I am aware). I would make that offer and say that any further payments should be taken off the payment. It is your offer to make, not theirs.

CF are the only firm I know of who ask the debtor to pay the variation fee. but the offer you are making covers that well enough !

Thank you for the advice and help.
I am going to go with offering 3000.00 and take the fees from that I think. My parents have agreed to that amount.
I will let you know how things go
It’s hard to know what to offer and especially if they come back with a refusal I will be £300 worse off. So hopefully it will be enough.
Thanks again!

It will just be taken from your offer - you don't have to make a payment to them.