www.iva.co.uk

Hi all, happy new year to you all, we have 23 payments to go in our iva paying 447 a month, what do you think they would accept for a f&f ??

Thanks

Hi the only advice I can give is that a figure as near to the original dividend as possible may be acceptable. Worth a word with your IP to see what they think. Is there a particular reason for wanting it to end early as sometimes this makes an offer more favourable. All the best x

If you multiply the number of months left by the monthly amount paid, plus add any equity release clause you may have this should give you an indicative figure

An offer of around £10,000 ought to be acceptable, unless you are currently struggling to make your payments at £447 in which case a lower offer may be possible. What are the reasons for you wanting to do this now, and where would the funds be coming from?