Now -- if you are wanting finish early the question is can you make a full and final offer of £X ...NOT a settlement, or "pay it off" : that is far more expensive !
£x is based on the term remaining multiplied by the monthly payment (plus 12 extra payments if there is equity in a property to be addressed. So, in your case, you would need to offer around £23000 -- maybe as low as £20,000
Foggy wrote:Lisa Thomas wrote:
18 months left at £1311, without equity.
Yes I wouldn't offer £20,000 then!!
Lisa Thomas wrote:I'm confused. Why would the poster offer to settle their IVA at £20k when they only have c£2 - £3k left to pay in contributions?
I must have missed something?
One of us has (and it could well be me!). As far as I can see the poster has 18 months left (assuming no equity to be addressed) and pays in excess of £1k a month. Where are you getting the figure of £2 - £3k from? What am I missing ?
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