Does this sound like a god deal?

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don769

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Post by don769 » Fri Mar 06, 2020 2:25 am
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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
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Marty171

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Post by Marty171 » Fri Mar 06, 2020 6:53 am
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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
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kallis3

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Post by kallis3 » Fri Mar 06, 2020 7:38 am
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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
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Foggy

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Post by Foggy » Fri Mar 06, 2020 7:42 am
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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
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don769

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Post by don769 » Fri Mar 06, 2020 1:30 pm
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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.
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kallis3

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Post by kallis3 » Fri Mar 06, 2020 1:34 pm
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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
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