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Posted: Wed May 21, 2014 9:30 pm
by gary29
Hi
My mum and dad wish to settle our iva. We have 32 payments of £158 = £5056 left to pay and no equity in house. They have offered £4700 to finish iva. Do you think this would be an acceptable offer.
Thanks
Posted: Wed May 21, 2014 9:55 pm
by Foggy
Sounds good to me -- the creditors will be getting the money early ... bird in the hand being worth two in the bush, and all that.
Posted: Wed May 21, 2014 10:00 pm
by Shining
Good luck with your offer.
Posted: Wed May 21, 2014 10:11 pm
by welshwiz
Seems like a good offer Good luck
Posted: Wed May 21, 2014 10:25 pm
by gary29
Thanks, can't even imagine what it would be like debt free. So grateful of their offer, fingers crossed.
Posted: Thu May 22, 2014 12:08 am
by MelanieGiles
I'd put that offer forward for you with my full support gary29, if I were your IP.
Posted: Thu May 22, 2014 7:53 am
by Struzzo39
Good luck, keep us posted
Posted: Thu May 22, 2014 9:08 am
by Michael Peoples
Make sure the offer reduces with each extra payment you make as some firms can be slow in proposing variations.
Posted: Thu May 22, 2014 10:46 am
by gary29
Thanks for all the advice will definitely word it so it reduces each month in line with my payments. Unfortunately Melanie you are not my IP but glad you think acceptable.