Can you end an Iva early?

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eddie712

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Post by eddie712 » Sat Feb 09, 2019 3:45 pm
Can you end an Iva early with a settlement offer I am just entering my 3rd year paying £290 a month so got 35 payments left

kallis3

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Post by kallis3 » Sat Feb 09, 2019 3:53 pm
If you have money to do so (3rd party funds) you can do a full and final offer.
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

Foggy

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Post by Foggy » Sat Feb 09, 2019 4:54 pm
eddie712 wrote:
Can you end an Iva early with a settlement offer I am just entering my 3rd year paying £290 a month so got 35 payments left
Yes you can, if the creditors agree. Be careful of the terminology you use: A settlement is to pay the full outstanding debt, plus fees and possible statutory interest, which could work out expensive. A full and final offer is to offer to pay outstanding payments in a lump sum, and can often be rounded down a little.

In your case the full and final should be based on a figure of 35 x 290 = 3150
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lisa Thomas

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Post by Lisa Thomas » Mon Feb 11, 2019 11:41 am
Yes you can.

See my short video here for more information:

https://youtu.be/h4dozq9aGak
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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