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Paying off IVA early

Posted: Wed May 26, 2021 12:02 pm
by maddy843
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

Re: <t>Paying off IVA early</t>

Posted: Wed May 26, 2021 1:03 pm
by Foggy
"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: https://www.iva.co.uk/letter6-f-and-f-offer-during-iva