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Posted: Mon Oct 18, 2010 8:15 am
by Derek.07
5 payments of £435 left. Can I make a reduced offer to pay it off . ??
Posted: Mon Oct 18, 2010 8:33 am
by Lord Soth
I don't think this would be possible because there's an admin cost to propose a variation and it would be very difficult to make a compelling case given the very short timeline.
You've not very long to go now, very well done.
Posted: Mon Oct 18, 2010 8:48 am
by Shining
Hi Derek and welcome to the forum, with only 5 months to go it might be advisable to sail through it, it would take a while for a F&F to go through and you're almost there well done on getting there.
Have a word with your IP get their views on it? x
Posted: Mon Oct 18, 2010 9:20 am
by Michael Peoples
If there is a reason why you cannot make the payments as agreed creditors would look favourably on an early settlement. Otherwise they would expect the IVA to run the remaining five months.