Settlment after 1 month?

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

steven614

User avatar
Posts: 1
Joined: Sat Aug 31, 2019 7:24 am

Post by steven614 » Sat Aug 31, 2019 7:24 am
I’ve only been in an iva for 1 month, but parents have offered to clear it , Can I ask for a final settlement figure already ?

kallis3

User avatar
Forum Expert
Posts: 74971
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sat Aug 31, 2019 8:20 am
No reason why not. It will take a couple of months to set up a full and final - how much is your IVA?
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

Foggy

User avatar
Forum Expert
Posts: 29467
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Aug 31, 2019 9:29 am
Do not ask for a 'settlement' figure -- this will be the full debt, plus fees. Ask to make a 'full and final' offer, which is usually based on outstanding agreed payments and can often be rounded down a little from that figure.
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

Lisa Thomas

User avatar
Industry Expert
Posts: 7465
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Mon Sep 02, 2019 9:06 am
My short video here should give you some pointers:

https://youtu.be/h4dozq9aGak
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”