Just reading these posts and it has got me a bit worried. My parents are putting forward a f&f offer for our IVA. I know they won't release any money until they have something in writing to prove that there money will be clearing the iva and not just taken. They will have it ready in an account to be transferred but doubt they would hand it over before the meeting has even taken place. They are very cautious, won't even use internet payments or internet banking or anything and it is their life savings. Will they have to give it over before?
Hi - you don't necessarily need the money in advance but your only IP will be able to answer this. Im sure there will be paperwork to ease your parents' minds. x
Hi want mylifeback dont worry your parents should,nt have to hand any money over until the offer is accepted,my letter of acceptence gave me a date when the funds had to be paid by,which was over a month,if the funds were not recieved in a reasonable time then the iva would continue as normal.Some IP,S prefer the money upfront but i dont think it is mandatory.my offer was paid by cheque after the the meeting not a problem.for peace of mind speak to your case officer about there procedure out of curiosity.good luck RED.
Last edited by MRBLUESKY on Fri May 13, 2011 9:33 am, edited 1 time in total.
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
