www.iva.co.uk

Just on the chance someone may know the norms..

If you pay £190 in to your iva each month and you have 11 months left of iva. How much would a final settlement roughly be ?? I know it prob differs.

Thanks you helpful bunch!!

A F&F offer would be about £2000 you could reduce by a couple of hundred, or specify that it will reduce as each payment is made in the interim.

190 x 11 = £2,090 but to be honest if you are thinking of making a settlement offer you should do it quickly as it will take a couple of months to hold the variation meeting and by then it might be academic for you to finish early.

It won't make a difference to your credit rating either. You will simply gain control of your finances a bit sooner.

Thank you for your replies .. Really feel there are good helpful ppl out there .

Wife's family have suggested it to alleviate stress from her..

To be honest much of it will also depend on how quick your IP is to act - some are quite slow according to posts on this forum.

Some firms also take up to 6 months to close once the payment has been made too.

Why not have a chat to your IP about it and see what they advise?

i cannnot fault harrington brooks they were speedy quick within 28 days had date for my variation meeting then was accepted funds paid over and cc received 6 weeks later