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Posted: Sat May 02, 2009 9:01 am
by ivahunter
i've worked out all my unsecured debts they mount to £20000. my family are in a position to help me now. they have offered £15000 as full and final payment.
what are the chances of this being accepted?
Posted: Sat May 02, 2009 9:11 am
by cazlizzy
Hi iva [:)]
just wanted to welcome you and say it looks good to me, but I'm not an expert and I am sure one will be along soon to offer more light.
Good luck.
Posted: Sat May 02, 2009 9:18 am
by ivahunter
thankz
Posted: Sat May 02, 2009 10:32 am
by kallis3
Sounds a good offer to me as well.
Posted: Sat May 02, 2009 10:54 am
by ivas4us
Sounds good to me. They would be stupid not to accept.
Posted: Sat May 02, 2009 11:39 am
by MelanieGiles
If you are going to make the offer yourself, I would personally try at round the 30% mark - you could then save your family a little money.
Posted: Sun May 03, 2009 5:23 pm
by David Mond
Plus of course the fees to cover the set up of the IVA -
However what are your personal circumstances and what is your DI?
Posted: Mon May 04, 2009 12:45 pm
by kallis3
If they can make a full and final payment and can get it all out of the way at once, that's even better!
Good luck, and let us know how you get on.
Posted: Mon May 04, 2009 3:07 pm
by neverending
Hi
It will depend on your personal situation and your disposible income.
If you are clearly insolvent then your creditors may well be attracted to a one off payent and write off the rest of your debt. If you pay over 15k on 20k of debt your creditors may receive around 12k, a 60p dividend.
Just be aware that your credit file will be ruined for six years if you do go down this road
Regards