www.iva.co.uk

I have been in my IVA for 2 years, I have recently had a change in circumstances- my step son is now living with me full time meaning my living costs have increased quite rapidly. He is in full time education, and although he would like to work to help support himself financially, he suffers from cerebral Palsy which does restrict him somewhat. I need to continue to support my son who does not get any support from his father (my ex-husband), or his mother who he is no longer in contact with.

I have in recent months experienced a string of bad luck were my house is concerned, my boiler has broken and had to be replaced, as well as the replacement of 2 radiators and a kitchen sink which were all broken. My fence blew down beyond repair, which had to be replaced. As well as a leak in my kitchen which is going to require the concrete under my floor be ripped out.

Due to the issues I have been having and my Son moving in with me full time, this has caused serious financial strain and I am now behind on my council tax by £500.00. I have spoken with my mortgage company who have agreed to offer me a break of my payments for 2 months to help me pay for the extensive costs of my recent and ongoing repairs. This does mean that my mortgage payments are going to increase in the future.

My remaining payments are £4744.00 and my grandparents have kindly offered to pay £4000.00 to settle my IVA early. I am however a homeowner with very little equity in my home, but the guy I spoke to at creditfix did not mention that- or any further payments.

I have outlined the issues I have been having and advised that I will struggle to keep up with payments and fear my IVA will fail. Do you think I have a chance of being accepted? Any advice would be very much appreciated, this process is just vile. Thanks.

Sorry to hear of your problems. Personally I think that is a good offer but of course it will be down to the creditors. Fingers crossed that CF will put that forwad.

It does sound like a reasonable offer, especially given the circumstances. You might have to prove the lack of equity, but they might just gloss over that !

Thank you both..

I initially suggested 3500.00 to the guy I spoke to, but he encouraged me to increase it- so I did to £4000.00.

I have sent all the relevant information to them, my grandparents Id, a letter from them and prof of their bank balance.

In addition I have sent a detailed email of my current situation.

I just hope that given the circumstances and the current climate, they accept and I can be done with this and move on with my life xx

If anyone has any experience in offering a settlement and it being accepted or declined, I would love to hear it. Thank you.

They have all of your info so should be ok. Don't let them talk you into offering anything else. CF run their own rules but they should put your offer forward.

Thank you.. I really appreciate you answering