IVA proposal questionaire
Letter 1:Request to suspend payments and freeze interest for a set period
"The following letter template is to be used by a company representing a client. This is a temporary solution that is suitable for people who are having financial difficulties but will be able to commence normal, regular payments in the near future..."
Letter 2:Offer of a token payment and request to freeze interest.
The following letter template is to be used by a company representing a client.A temporary agreement of a one off payment in return to freeze interest. This offer if popular with creditors .
Letter 3:Request a write off of the full debt.
The following letter template is to be used by a company representing a client Suitable for:
• Someone with no available income and is unlikely to be able to make payments in the future
• Someone with a medical condition who will find it difficult to maintain regular payments...
Letter 4:Offer of pro-rata payments and request to freeze interest.
The following letter template is to be used by a company representing a client Suitable for:
• Someone who has available income to offer to creditors equally and fairly distributed...
Letter 5:Offer of full and final settlement
This letter is designed to be used by a debtor (an individual) who wishes to write to a creditor.Suitable for:
• Someone who has available income to offer to creditors equally and fairly distributed...
Letter 6:Request a write off from a catalogue company.
Suitable for:
• Someone with debts from a catalogue company Advantages:
• Legal action from catalogue companies cannot be taken when they do not ask people to sign an executed copy of the Consumer Credit Act Agreement, which is quite often...
Letter 7:Offer of a pro-rata payment.
This letter is designed to be used by a debtor (an individual) who wishes to write to a creditor.Suitable for:
• Someone who has available income to offer to creditors equally and fairly distributed...
Letter 8:Offer of token payments.
This letter is designed to be used by a debtor (an individual) who wishes to write to a creditor.Suitable for:
• Someone who does not have available steady income who wishes to make a payment...
Letter 9:Unable to offer payments.
This letter is designed to be used by a debtor (an individual) who wishes to write to a creditor.Suitable for:
• Someone who wishes to freeze interest on their debts until such time as they can commence repayments again...
Letter 10:Offering a lump sum as a full and final settlement of current IVA
This letter is designed to be used by a debtor who is alraedy in an IVA but wants to end it early with a lump sum cash offer. Suitable for;
•Someone in an IVA who has had an offer of a lump sum from a third party.
Someone in an IVA who's income will be reducing and they have a lump sum to offer for an early settlement...
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