www.iva.co.uk

Hi,

just thought i would ask everyones views on this, i currently owe £24k and my iva proposal has proposed i will be paying back 41p in the £ is this a good amount?

Thanks

Hey Kitty33.

41p is a good amount. The average is quite a bit lower than that. Mine was 40p was accepted by creditors.

I think you should have no worries at 40p/£ (Easy to say i know)

Good luck

Hi Kitty33,

Some IVAs have been accepted at a lot less than that but it is all relative. If your IP thinks that is the best you can offer whilst retaining a sustainable budget then you should be fine.

Regards,

This sounds like a good return to me, but as Tina said it's all relative. Mine is 23p in the £

Hi,
It is not whether it is a good amount or not. It is whether the creditors accept the offer and if you can afford the IVA. It is no good offering to pay 41p in the pound if you can't afford it.
Good luck for the iva

Mine started at 38p, then went up to 41p after my creditors meeting.