Search found 15 matches

Search found 15 matches Page 1 of 1
by Leed015
Tue Jun 12, 2018 7:12 am
Forum: Ask IVA Forum and Industry experts
Topic: Can I end my IVA early with a lump sum?
Replies: 19
Views: 4934
Hi, Just wondering if you know the process after a full and final offer has been accepted? I have submitted all the paperwork and the variation meeting has been set for the 10th July. This is great news, but I have just been offered a new role within my company which comes with a higher salary. If I...
by Leed015
Tue May 15, 2018 9:19 am
Forum: Ask IVA Forum and Industry experts
Topic: Can I end my IVA early with a lump sum?
Replies: 19
Views: 4934
Hi Lisa/Foggy, Thanks for all your advice, I really appreciate it. Lisa, Would it be possible to give you a call, so I can run a couple of things past you? It should only take 5 mins. I just want to get my head straight regarding this offer before I proceed and my IP didn't really help that much to ...
by Leed015
Mon May 14, 2018 8:03 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can I end my IVA early with a lump sum?
Replies: 19
Views: 4934
Hi Lisa, I have spoken to my IP and they said they can't advise on whether they think my offer will be accepted and that I just have to put it forward. They also said I need to write a letter stating why I want to and my IVA early, but they didn't really elaborate. Are some reasons more favourable t...
by Leed015
Fri Mar 09, 2018 5:24 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can I end my IVA early with a lump sum?
Replies: 19
Views: 4934
I think my video will answer you question about the standard equity clause: https://youtu.be/PHfc85n39U4 After watching your video, it is likely I will have to opt for a year extension, thus making it a 6 year IVA. I'm going to contact my IP and discuss the 20k offer. Excuse me for being a little b...
by Leed015
Fri Mar 09, 2018 1:05 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can I end my IVA early with a lump sum?
Replies: 19
Views: 4934
Do you have the amount of equity required to trigger the extra year clause? Why do you feel you will need to wait a year to make your offer? Personally if 5 year term I would offer £15k and test the water. If 6 years then perhaps offer the £20k. Hi Lisa, I'm not really sure how the equity clause wo...
by Leed015
Thu Mar 08, 2018 9:58 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can I end my IVA early with a lump sum?
Replies: 19
Views: 4934
If it was a 5 year (60 payment) IVA you have around 45 left to make @ £519 -- so £23,355. Considering the administration savings they will be making (and the bird in the hand factor) I think £20k would be seriously considered. I'm pretty sure it's a five year that could be extended by 1 more year. ...
by Leed015
Thu Mar 08, 2018 7:19 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can I end my IVA early with a lump sum?
Replies: 19
Views: 4934
If it was a 5 year (60 payment) IVA you have around 45 left to make @ £519 -- so £23,355. Considering the administration savings they will be making (and the bird in the hand factor) I think £20k would be seriously considered. I'm pretty sure it's a five year that could be extended by 1 more year. ...
by Leed015
Thu Mar 08, 2018 3:39 pm
Forum: Ask IVA Forum and Industry experts
Topic: Can I end my IVA early with a lump sum?
Replies: 19
Views: 4934
Hi,

I am currently 15 payments in to my IVA and I pay £519 per month. My Dad has found out about my situation and he is willing to help me out, but he can only afford about £20,000. Just wondering if you think this would be a reasonable offer to end my IVA early?

Thanks,

Lee

by Leed015
Thu Nov 17, 2016 8:46 pm
Forum: Ask IVA Forum and Industry experts
Topic: Payplan are being a bit vague about whether my application for an IVA will be accepted.
Replies: 13
Views: 1966
Thanks for the advice, plenty of food for thought there. I've been doing some searches on reviews and Mccambridge Duffy have really positive feedback. I'm going to give them a call tomorrow.

by Leed015
Thu Nov 17, 2016 8:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: Payplan are being a bit vague about whether my application for an IVA will be accepted.
Replies: 13
Views: 1966
They do seem a bit slow. Even at this early stage, email response is terrible. Which companies won't take my wife's income into account?

by Leed015
Thu Nov 17, 2016 8:13 pm
Forum: Ask IVA Forum and Industry experts
Topic: Payplan are being a bit vague about whether my application for an IVA will be accepted.
Replies: 13
Views: 1966
What kind of things do they do differently?

by Leed015
Thu Nov 17, 2016 7:43 pm
Forum: Ask IVA Forum and Industry experts
Topic: Payplan are being a bit vague about whether my application for an IVA will be accepted.
Replies: 13
Views: 1966
Just wanted to know if payplan are any good really. I went with them as my HR department recommended them, but after reading some reviews, I'm a little worried.

by Leed015
Thu Nov 17, 2016 7:27 pm
Forum: Ask IVA Forum and Industry experts
Topic: Payplan are being a bit vague about whether my application for an IVA will be accepted.
Replies: 13
Views: 1966
Hi, thanks for the advice. I have some other questions. Can I ask them on this thread or do I have to start another?

by Leed015
Thu Nov 17, 2016 6:21 pm
Forum: Ask IVA Forum and Industry experts
Topic: Payplan are being a bit vague about whether my application for an IVA will be accepted.
Replies: 13
Views: 1966
Hi, I'm currently in the process of applying or an IVA with PayPlan. Debt of 55,000, combined basic income of £3400 p/m with £3000 p/m outgoings, leaving £400 for my IVA payment. I have asked if this has good chance of getting accepted, but they've been a bit vague. I'd like to know your advice.

by Leed015
Thu Feb 25, 2016 11:33 am
Forum: Ask IVA Forum and Industry experts
Topic: Hi,Can a loan that I took out about 4 months ago be included in an IVA ?
Replies: 2
Views: 1729
Hi,

Can a loan that i took out about 4 months ago be included into an IVA?
Search found 15 matches Page 1 of 1