we are coming into an inheritance and able to pay off our iva in full, but they will not give us a settlement figure until we have sent them a letter from the executor to my father in laws will, with proof of how much we will receive,why do they need that when I have already given them the amount over the phone, I only get to speak to customer services at varden nuttall and it is a different person everytime.
Will you be paying off the IVA figure or the total amount of your original debt?
Insist on speaking to your IP rather than one of the call staff.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Varden Nuttall is currently in administration - it is unlikely that anything can be progressed until you are notified who your new supervisor will be.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I can only assume they want to know if it will pay the original debt, fees and possible interest ( ball park figure) before calculating a settlement figure.
No good reason not to provide one though -- except I imagine they are trying to keep work to a minimum whilst in administration as there is no appointed supervisor at present.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
