Hi i currently have a iva with jarvis ( was apature ) and am paying £263 per month and have approx 2.5 years left to pay. Total left to pay is around £8100. A family memeber has offered to lend me £9000 to settle early. Is this a good offer and likely to be accepted or not?. Thanks
They should bite your hand off with that offer -- though it is impossible to predict.
Best of luck -- let us know how you get on.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk
As Foggy says, that's a really decent offer and I would be surprised if you had any issues, but you never know how they'll vote on the day.
I see no reason why that wouldn't be accepted though.
I work for one of the UK's biggest Insolvency Practitioners. All posts I make are my own thoughts and/or opinion and are not the views of my employer. None of my posts constitute legal advice and should not be taken as such.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Personally, I would start with a £6.5k offer. Creditors may barter you up but I can't see the point of overplaying your hand at this point.
If they accept, which I think they will as it is a 3rd party offer (see elsewhere on here for what will be needed) then you and your friend will be better off. If they don't, then you can increase a little, say, in £500 steps, until they do.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
