Posted: Tue Sep 01, 2009 5:11 pm
Hi all, new to this forum but looking for advice on my IVA and f&f settlement. My circumstances seem quite simple really, i.e no houses, or weird clauses. I simply want to know what would be a reasonable offer.
I am looking to settle using a grant from the armed forces as I come to the end of my engagement (12 years) it will be about £9500 expected end of april 2010.
By that point I will have 8000 approx left of my iva balance (18 more monthly payments).
I rang up to ask my IP this question (for a 2nd time lol) they are sooo vague, however she did say their fee is 25% and creditors get 45p in the £ based on the iva repayed in full & running 5 years.
What should I offer? I really need this money towards a house/rent in civvy street but also equally need to rebuild my credit rating by wiping this iva out asap.
I look forward to your replies.
I am looking to settle using a grant from the armed forces as I come to the end of my engagement (12 years) it will be about £9500 expected end of april 2010.
By that point I will have 8000 approx left of my iva balance (18 more monthly payments).
I rang up to ask my IP this question (for a 2nd time lol) they are sooo vague, however she did say their fee is 25% and creditors get 45p in the £ based on the iva repayed in full & running 5 years.
What should I offer? I really need this money towards a house/rent in civvy street but also equally need to rebuild my credit rating by wiping this iva out asap.
I look forward to your replies.