Could I settle my IVA?

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Post by lee192 » Sun Sep 27, 2020 6:01 pm
I am currently in an iva with credit fix which is due to end in December 2021. I have somewhere in the region of £1100 left to pay my grandparents have offered to pay it off they are willing to off the full £1100. I don’t own a house I am able to continue my regular payments I just want it done. What do i/my grandparents need to do


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Post by kallis3 » Sun Sep 27, 2020 6:28 pm
You will need to explain to your IP that you wish to make a full and final offer and that the money is only available for that reason and will be withdrawn if the offer isn't accepted. Your grandparents will have to provide evidence of this money (to check for money laundering). I would make a slightly lower offer to start off with - £900 which can always be upped if needs be.
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.


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Post by Foggy » Sun Sep 27, 2020 7:06 pm
Unfortunately you are with a firm that puts its own interests above yours and it is likely, going by their recent history, that they will ask you to pay the variation fee of £300 as well.
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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