How much they would actually want from us to finish the IVA ?

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rowena
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by rowena » Sat Mar 03, 2018 12:03 pm
We have an IVA since September 2017 , we pay £110.00 a month for 6 years which totals £7,920.00, a family member has offered to pay this for us , how to we go about finding out how much they would actually want from us to finish the IVA ?
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Foggy
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by Foggy » Sat Mar 03, 2018 12:18 pm
rowena wrote:
We have an IVA since September 2017 , we pay £110.00 a month for 6 years which totals £7,920.00, a family member has offered to pay this for us , how to we go about finding out how much they would actually want from us to finish the IVA ?


You simply make an offer based on the number of remaining payments multiplied by the monthly amount .... so, what? You have about 5 and a half years left (66 payments) at £110 = £7260

I would say an offer in the region of £6,000 might be acceptable, assuming you are not a homeowner.
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