Is this good

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Post by Kitty33 » Thu Aug 19, 2010 12:12 pm

just thought i would ask everyones views on this, i currently owe £24k and my iva proposal has proposed i will be paying back 41p in the £ is this a good amount?



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Post by animaleyes76 » Thu Aug 19, 2010 12:22 pm
Hey Kitty33.

41p is a good amount. The average is quite a bit lower than that. Mine was 40p was accepted by creditors.

I think you should have no worries at 40p/£ (Easy to say i know)

Good luck

Tina Shortland

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Post by Tina Shortland » Thu Aug 19, 2010 12:27 pm
Hi Kitty33,

Some IVAs have been accepted at a lot less than that but it is all relative. If your IP thinks that is the best you can offer whilst retaining a sustainable budget then you should be fine.

Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.

If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at

If you’re ready to ask us for specific advice or help, then get in touch at so you can start to free yourself from the stress and anxiety of overwhelming debt.


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Post by St75 » Thu Aug 19, 2010 2:23 pm
This sounds like a good return to me, but as Tina said it's all relative. Mine is 23p in the £

Started lump sum IVA in Aug 2010 - received certificate of completion April 2011, thanks to Melanie & team


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Post by mickyboy » Thu Aug 19, 2010 3:42 pm
It is not whether it is a good amount or not. It is whether the creditors accept the offer and if you can afford the IVA. It is no good offering to pay 41p in the pound if you can't afford it.
Good luck for the iva
On the road to debt free life


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Post by carole2662 » Thu Aug 19, 2010 4:11 pm
Mine started at 38p, then went up to 41p after my creditors meeting.
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