Would £4000 be enough to settle me IVA

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owen134
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by owen134 » Wed Nov 14, 2018 1:30 pm
Hi All - looking some help - currently in a 5 years IVA = 2 years in paying £250 pm (£6000 paid in) - so £9,000 to go - have the the potential of obtaining £4000 from a family member and was wondering if this would be enough for a F&F to be accepted - any help would be greatly appreciated
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Foggy
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by Foggy » Wed Nov 14, 2018 2:27 pm
I would say that £4k was a little light and, in your shoes, would offer in the region of £7k - 7.5k, assumig you are not a homeowner. But I have seen low offers accepted before and it is, ultimately, down to your creditors.
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Lisa Thomas
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by Lisa Thomas » Wed Nov 14, 2018 2:46 pm
Possibly not as it is a bit on the low side but always worth proposing.

If they say no you continue on as normal and perhaps try again once the balance is a bit lower.
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