Posted: Thu Jan 29, 2009 11:41 am
Hi I have been paying into my IVA for 26 months now I pay £405 per month.If I wanted to make a full and final payment to finish it early how much do you think a reasonable offer from me would be needed for it to be accepted.
I have 34 months remaining and have to pay £1500 equity from my house in the 4th year.
My parents have offered me some money to pay it off but I do not want to take it if it will not end the IVA.
I know all circumstances are different but I am just after a ball park figure of what would be reasonably required for acceptance from my creditors. Also with the banking sector so bad at the moment I thought they may want to recoup some of their losses quickly rather tan waiting.
Thanks in advance for your advice
I have 34 months remaining and have to pay £1500 equity from my house in the 4th year.
My parents have offered me some money to pay it off but I do not want to take it if it will not end the IVA.
I know all circumstances are different but I am just after a ball park figure of what would be reasonably required for acceptance from my creditors. Also with the banking sector so bad at the moment I thought they may want to recoup some of their losses quickly rather tan waiting.
Thanks in advance for your advice