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Posted: Thu Aug 08, 2013 6:47 pm
by Stuart.lc
hi i have 15months left on an iva and i would like to pay a final amount, as a friend is willing to help. but i want to know a % that i should offer i have approx £10000 left. my iva company wont give me any guild lines to this. i was hopping about 2000 - 4000 Max
Posted: Thu Aug 08, 2013 7:12 pm
by Foggy
Hi Stuart. The starting point should be your monthly payment x the number of months left. This should only be reduced according to circumstances -- ill health, loss of job, good reason for being unable to pay the total due.
Posted: Thu Aug 08, 2013 9:06 pm
by MelanieGiles
How ridiculous! Which firm are you with?
Posted: Fri Aug 09, 2013 1:23 pm
by Drew
I'd agree, a good start would be how much is remaining. It would help if there had been a change in circumstances affecting your ability to maintain your monthly payments as creditors might see a lump sum from a third party as better than nothing.