www.iva.co.uk

Hi all!

I currently am 1 year into a 6 year IVA. My overall debt was £17,000 and I have made 12xpayments of £90 (£1,080) and currently have 60x payments of £90 remaining (£5,400). If I let my IVA run its course, the £5,400 is what I would pay; a relative of mine has offered to give me the money to pay this amount as a F&F settlement for me to offer. So is me offering the £5,400 likely to be accepted?

Any help an advice greatly appreciated.

I would imagine they will bite your hand off -- they will save on administration over 5 years --- Often you can round these offers down, but the dividend in this case is already very low, so that could be pushing your luck.

Yes its a very attractive offer. I would be tempted to offer less given the amount of time and administration that will be saved in completing so early....