www.iva.co.uk

My parents have offered me some money to rectify my situation however they don't know about my IVA and for a full and final settlement I have to provide proof of the money being available from them. There is no way I can tell them about this and how it happened - any suggestions?

They obviously know you have debts, Can you not say that all your debts were consolidated with one company dont specifically mention an IVA and I imagine they will assume it is a loan company.

Hi Steph & welcome to the forum from me.

From reading your post your parents sound as though they know of your debts, which is alot more than what my parents know of mine.
An IVA is a solution for you to take responsibility for your actions & circumstances without having to go to others to bail you out so to speak. This is how I think of my IVA - my problem & Ive dealt with it without burdening others.
What a wonderful offer from your parents & I think if you explain your IVA, from a view of how I thin an IVA works, they will understand & appreciate you were taking responsibility for your debts.
Hope this helps n let us know how you get on.

If you feel you can't tell them exactly what an IVA is, I think Pandy's idea is a good one.

However, as they know you are in debt then I'm sure they would be fine knowing that you had taken steps to sort it out yourself.

Sorry n Yes Pandys Idea is also a good one, n one Ive thought about too - if this ever happened to me, which is very doubtful!

Good luck steph - let us know how things go n what you decide to do.
You did the right thing entering an IVA n Im sure they would see it that way.

At least that way there are no lies being told, maybe a little economical with the truth but having an IVA has taught us all to be economical. [:D]

Personally, I think if it were my child that I was offering my money to I would appreciate the truth.

Personally I can't see why you can't tell them about the IVA as they know you have debt problems and are offering you the money.

It's each to his own though. I will never tell my parents about mine at all, even if they did offer me any money.