Hi Im just over 2 years into an IVA agreement of 5 years. I pay £100 a month. I’m moving to Oz and my mum has kindly offered to help. Ive around 2600 still to pay, any idea what i could offer as a final settlement?
It is possible to round down F&F offer amounts, but, in your case, you are making a very low payment and the creditors will be getting very little of it anyway, so you have very little wiggle room. As Luluj suggests the "outstanding" payments of £3500 would be the starting point.
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