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What is a Full & Final IVA Settlement?
Posted: Mon Feb 26, 2018 11:56 am
by jemma
What is a full and final settlement? I am entering my third year of my IVA and pay £145 per month with approx 26 months left. Any idea what offers are acceptable? Thanks.
Re: What is a Full & Final IVA Settlement?
Posted: Mon Feb 26, 2018 1:04 pm
by Foggy
A F&F is a lump sum to close the IVA early based on what is left to pay --- in your case £145 x 26 = 3770 (assuming you are not a homeowner - in which case you need to add 12 payments). You might get an offer in £3,000 - £3,500 accepted. But, obviously, the better the offer the more chances of it being accepted.
Re: What is a Full & Final IVA Settlement?
Posted: Tue Feb 27, 2018 9:14 am
by Lisa Thomas
Here is my quick video explaining it.
https://youtu.be/h4dozq9aGak