hi, I just looked at my iva paperwork and saw that the figure I agreed to was 23,056.20 over iva term. ive paid 23633.64 over 4 years with pay and ppi. if I was to offer 5000k to close it - this would make 28633.64. I still have 26 payments left at 444 but surely if ive pais already what they asked this may go in my favour ?
Past a certain point you are still responsible for IP fees, costs and possibly statutory interest until you have paid 100p in the £.
The figures suggest that you would need to offer closer to £9k.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
They will provide advice and you could insist that it is offered to creditors.
I have assumed that you may have a property and that equity is involved. £5k is less than 1 years payment.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
my work have offered me a gift of 5000k to pay it off - but only if it is accepted - if not they cannot give it me- they want me free to concentrate on work fully with no ties
Your IVA looks like it is one year longer than normal unless there was an agreed extension or arrears.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
With northern rock involved the higher the figure offered the better.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Good luck from me as well and make sure the creditors know the money is only on the table for the full and final.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
thanks all - I have nothing to lose - im just overwhelmed that my work would offer me 5k as a gift. obvs well thought of . and maybe don't want a bad debtter on their books
Good to see your IP is happy to propose it and very best of luck. You have done enough already aned the six years from NRAM has always been tough on clients. It really is unfair that your IVA term is determined by who you borrowed from and not the law.
