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 ?
Who is onlineUsers browsing this forum: No registered users and 16 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location