hi we took a iva out a year ago our debt was £14000 we found a loan company willing to pay this off ( they deal with iva ) we offered £10000 but now iva company wants £20000 my husband is 70 next year help
Have you asked them why they want this amount ? It looks like they want to settle the total debt as well as recover their fees.
What you should be offering is a full and final lump sum based on remaining payments, which effectively gives creditors what they agreed to when they accepted the IVA. It sounds like your IVA provider is being a little greedy.
Are you, by any chance, with CF ? (This is something they have a tendency to do.)
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