www.iva.co.uk

Hello
Posted on here a few times recently.
My partner has bought a house and I am considering moving in with him.
He has said he will provide funds for a full and final settlement.
I pay £145 and have 29 months left. However I got a pay rise 6 months ago and have submitted this as part of my annual review (just last week). Taking into account the pay rise (which is approx £250 month extra), what would you advise as a reasonable offer? Would £4K to £4.5k be acceptable? Is there any negative comeback if they reject the offer or does the IVA continue to run as before? Thanks in advance.

Let's assume that your new payment, post pay rise will be £250 per month -- the creditors are looking at getting around £7250, so, I feel, £4,500 would possibly be too light. But I have seen modest offers accepted before. When you make the offer make it clear that the IVA will be expected to continue "as is" if it is rejected.