Do companies such as Nram, mortgage espresso and UCB normally accept lump sum IVA ?

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
Post Reply
 
 

Sue.ln

User avatar
Posts: 9
Joined: Thu Feb 28, 2013 7:41 am
Post by Sue.ln » Thu Feb 28, 2013 7:41 am
Quote
Do companies such as Nram, mortgage espresso and ucb home loans normally accept a lump sum via
Top
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:
Post by Shining » Thu Feb 28, 2013 8:55 am
Quote
Hi and welcome to the forum. I'm not sure of the answer but will keep this bumped up as maybe someone has completed a lump sum IVA with the aforementioned as creditors.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Top
 
 

size5

User avatar
Industry Expert
Posts: 3104
Joined: Fri Nov 23, 2007 7:22 pm
Post by size5 » Thu Feb 28, 2013 8:57 am
Quote
Good morning.

The answer is that no one can promise that they will, however if it is an attractive commercial offer, the best that they are likely to get, then they are statistically very likely to accept.

To try and give you an idea, I can tell you that in 16 years of doing this job I have never had a lump sum, or single premium, IVA rejected at creditors meeting. Creditors will obviously want to be assured that there is no realistic prospect of monthly payments as well though as they will want both the lump sum and payments also as a general rule.

Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself

Follow my tweets at http://twitter.com/debtmastersize5
Top
Post Reply
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”