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What is the average payback per £ in an iva

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  • mattp_3
    mattp_3 Posts: 270 Forumite
    the majority of creditors now request 25p in the £ as a minimum dividend, with some creditors only accepting 40p or more (such as Marks & Spencers) this is why some IVA's go through at certain dividends while others dont...but your ability to repay is the most important factor, creditors will not allow you to pay only 25p in the £ if you can clearly afford to pay more.
  • When I started in the army my take home pay was £650pm, my IVA payments were £300pm; my IVA was setup to pay 25p in £.

    I would be interested to hear how this makes me lazy.
  • thewad
    thewad Posts: 348 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Read the post.
    I was referring to people who won't get off their ar*e and do something.
    If God didn't want us to eat animals, why did he make them out of meat. :beer::beer:
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