www.iva.co.uk

Hi everyone,

I really want to pay off my IVA but I'm confused if the offer has to be close to the remaining amount of debt left on the iva or the originally debt that I had gotten into?

Any help guys?

IVAs are ended early by either a :

settlement -- which is paying the balance of the full original debt, plus fees and possible statutory interest.

Or, more often a:

Full and Final Offer -- which is an offer to pay the remaining IVA payments in a lump sum, usually gifted to you by a friend or relative.

Thank you!

What information would my relative or friend need to provide in order to prove the money is coming from them etc...

They would need to supply bank statements to show it us coming from a bona-fide account without evidence of any money laundering.

Also the IP will require ID for the donors ( money laundering regs).

Thank you so much