Does this sound like a god deal?

Get expert opinion. This is the place for new questions to be posted.
6 posts Page 1 of 1

don769

User avatar
Posts: 2
Joined: Fri Mar 06, 2020 2:25 am

Post by don769 » Fri Mar 06, 2020 2:25 am
Hi guys. I have debts of £19000 plus a mortgage shortfall which will probably amount to £60000 so a total debt of £79000. I have agreed a final settlement payment of £13000 which has been approved. I just wanted to know if this equates to a good deal or could I have offered less. Any advice would be very much appreciated.

Regards

Don

Marty171

User avatar
Posts: 73
Joined: Sat Jul 20, 2019 12:18 pm

Post by Marty171 » Fri Mar 06, 2020 6:53 am
id say it was a good deal, 16.5% in the pound is quite a low dividend so i think you did well :)
IVA Started 07/07/2017
F & F Accepted 06/09/2019
Completion Certificate 16/12/2019

kallis3

User avatar
Forum Expert
Posts: 75936
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Mar 06, 2020 7:38 am
Well done on getting it approved.
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

User avatar
Forum Expert
Posts: 31243
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Mar 06, 2020 7:42 am
Sounds like you did well there.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

don769

User avatar
Posts: 2
Joined: Fri Mar 06, 2020 2:25 am

Post by don769 » Fri Mar 06, 2020 1:30 pm
Hi guys, thanks for your prompt replies. I'm really glad I went with a final settlement IVA. Just reading over the IVA and the total debt was £95000 with a final settlement figure of £13000. So I hope I've made the right decision.

Thanks again.

kallis3

User avatar
Forum Expert
Posts: 75936
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Mar 06, 2020 1:34 pm
I am sure you have.
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
6 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”