one for the experts

[james.c]

I made my first payment of my IVA in Feb 2007.

My dividend is 47p to pound, and i pay £349 per month.


One of the conditions of the IVA is an early settlement can not be made till after 2 years, which would be Feb 2009.

How ever my Dad is looking at selling some of us own property and he his happy to give my £11k to pay of my IVA in the next few months. How ever it does not want to sell this bit of property nad give me the money if its not accepted as a full and final settlement.

I rent a house, so i have no equitity.

The reson my Dad is doing this is becuase noe the twins are here i am struggling money wise.

Whst do you think?

[MelanieGiles]

If he could increase his offer slightly it would look more attractive - to say £13,000. Would this be possible? And you have the perfect excuse now those bundles of joy have arrived?

Have a chat with your own IP to see what they advise, as they have detailed knowledge of your case.

[Adam Davies]

Hi James
Sounds a very good offer,as Melanie says try to increase to 13k and I'm sure that it will be accepted
Regards

[ianmillington]

HI

Seems to me you have the classic "no variation in first 24 months" mod.

Speak to the IP about it and outline your offer. The IP should then speak to the creditor rep that proposed the modification to confirm that they will look at a variation on the lines suggested.

Ian