Thanks buddy and really appreciate your help. Just in case it helps anyone . I offered roughly 10% of the outstanding IVA total debt as a F&F payment and was accepted. Hopefully that might help some people in the future.

So guys just wanted to give you an update. So after 3yrs just over of the IVA I was able to make a full and final settlement offer to the creditors and it was accepted. So will wipe out the Iva / all my debts and remove the house equity clause on the original agreement so il be free. Foggy and other...

Ok I understand now so thanks - is there anywhere I can see a thorough f&f settlement letter that my boss can send that ensures his payment covers everything like equity etc

Also pls can you advise if there is a way to remove this trust after the completion is over ?? I just want it all over and done with to be honest and no ties anymore once it’s paid off

Yes if the f and f payment is made then any equity clause will need to be included and closed once payment is made. The amount I can offer is the maximum I have been offered. It covers all payments till the end of the IVA plus maybe 3 of the additional 12 months. At the end ( equity clause ) but as ...

Hi Guys, I’m now over 3 yrs into my IVA and I have a glimmer of hope to end it early as my Boss has offered be a lump sum to get it cleared off on the basis that it removes any liability from me. The sum covers all remaining Iva payments and a small amount extra. I spoke to Payplan who will arrange ...

Cheers foggy you helped me a lot at the start bro

It’s crazy when I look back I was paying about £1300 a month on interest and payments with no end in sight, which dropped to £400 and an end date. Just gotta keep cracking on follow that light at the end of the tunnel

Hi guys just thought I’d pop on and give an update - I’m nearing completing 3yrs in April, it’s had its ups and downs since joining the IVA but 100% worth it. Payplan have been great with payments and I’ve used a few of the payment break holidays when my wage was a bit low. It’s not been a walk in t...

Thansk for all the good wishes guys, It really does mean a lot.
First payment done and 59 payments to go : )

Then end is a fair way off however there is an end at least where there was no sight of one before !!

Thanks again everyone

Foggy wrote:

Well done and welcome to the journey. Now you are in control !

Thanks @Foggy - I have lived with virtually no money for so long - Its strange to think there is now a date in site when I will be 100% debt free and not owe a penny ..I cant wait !!

So after dealing with vast debts for many years I finally requested an IVA after a drop in wages at work. I had accumulated over £120k of debt over 12 mainstream creditors and after struggling to meet minimum payments contacted PayPlan. They were more than helpful and now I can live a live of less s...