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We took an iva out a year ago
Posted: Tue Oct 20, 2020 7:38 pm
by rachael558
hi we took a iva out a year ago our debt was £14000 we found a loan company willing to pay this off ( they deal with iva ) we offered £10000 but now iva company wants £20000 my husband is 70 next year help
Re: <t>We took an iva out a year ago</t>
Posted: Tue Oct 20, 2020 8:01 pm
by Foggy
Have you asked them why they want this amount ? It looks like they want to settle the total debt as well as recover their fees.
What you should be offering is a full and final lump sum based on remaining payments, which effectively gives creditors what they agreed to when they accepted the IVA. It sounds like your IVA provider is being a little greedy.
Are you, by any chance, with CF ? (This is something they have a tendency to do.)
Re: <t>We took an iva out a year ago</t>
Posted: Tue Oct 27, 2020 11:09 am
by Lisa Thomas
How much are the remaining assets/payments you have to make into the IVA?
This is what your offer should be based on.
You might have inadvertently asked your IP the wrong question.
See my You Tube video here for a bit of background:
https://youtu.be/h4dozq9aGak