Paying off IVA early

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1


User avatar
Posts: 1
Joined: Wed May 26, 2021 12:02 pm

Post by maddy843 » Wed May 26, 2021 12:02 pm
Hi All,

So i have been in IVA since 2018 - and have been paying £150.00 a month, my partner has kindly offered to pay it off early. I have £3,900 left however CC has asked me for an extra £300 as a settlement fee. They have advised me total charge will be £4,200 and asked me to put this as my final offer. Is extra charge a norm?

Also, does any one have a template they used for third party letter?

Many Thanks


User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed May 26, 2021 1:03 pm
"CC" ? Is that Creditfix ? It is not usual to ask for this £300 (which is actually the fees for the creditors meeting) but Creditfix are unusually fee conscious ! It is not their place to tell you what to offer either !

Template letter here:
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”