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Posted: Sat Nov 30, 2013 8:30 pm
by Eggs are ace
Just a quick question;
Anyone any idea how the IVA companies work out a final settlement figure for an IVA?
Is it possible to buy yourself out of an IVA?
Posted: Sat Nov 30, 2013 8:49 pm
by tiger99
Hi - I paid my IVA 20 months early but I had to pay in full what I had remaining. I was told that would guarantee my offer being accepted by the creditors, I could have offered less but I didn't want to take the chance of my offer being turned down.
Posted: Sat Nov 30, 2013 9:12 pm
by Foggy
Starting point is usually remaining monthly payments x current monthly amount. Creditors will entertain less according to circumstances .. illness, loss of income etc. Don't forget to factor in any equity they might be expecting.