I am struggling mentally with life and can't cope with the constant calls fron my Iva co.
I am considering asking family for a loan to make a settlement to my Iva company
I only was paying £100 a month
How do I work out what settlement I should offer and what are the chances it would be accepted
Do not use the term settlement ( that is a different, much more expensive, animal). You are making a full and Final offer. Don't tell them you are borrowing the money either! You need to say that the money is coming from a third party and is for the F&F only. If the offer is rejected the money will be retained by the third party and will not be available.
They will want confirmation from the third party and, possibly, proof of the source of the funds.
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