We took an iva out a year ago

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Post by rachael558 » Tue Oct 20, 2020 7:38 pm
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


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Post by Foggy » Tue Oct 20, 2020 8:01 pm
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

Lisa Thomas

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Post by Lisa Thomas » Tue Oct 27, 2020 11:09 am
How much are the remaining assets/payments you have to make into the IVA?

This is what your offer should be based on.

You might have inadvertently asked your IP the wrong question.

See my You Tube video here for a bit of background:

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
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