Full and final settlement offer
Posted: Thu Apr 13, 2023 4:15 pm
Hello I’m looking for some advice. I am 18 months into my Iva now and am hoping to ask a friend to help me make an offer to end the Iva. I’m struggling with cost of living and a lower salary and daren’t asked them to reduce my payment incase they fail my Iva. I am a homeowner but don’t earn enough to consider remortgaging after the fifth year so expect I’ll have my Iva for 6 years.
My question is this, if I have 4.5 years left at £200 so 54 x £200 is £10,800. If I offered them this as a full and final figure do you think it is likely to be accepted? My overall debt was around £28,000 and is now down to £25,000. Please help I am really struggling with all this.
My question is this, if I have 4.5 years left at £200 so 54 x £200 is £10,800. If I offered them this as a full and final figure do you think it is likely to be accepted? My overall debt was around £28,000 and is now down to £25,000. Please help I am really struggling with all this.