IVA Payoff Help

bumbling

Hi all,

I have been in my IVA for a little bit now and it has been a massive help to me.

I have contacted payplan today in regards to a possible early payment settlement, payplan have said that they cannot guide me on what to offer!? which I just don't understand. I was wondering if any of you would be able to advise what type of % I would need to offer as a settlement figure to have it accepted. She has just said as close the the new agreement figure as possible, which is not really doable for me as I still have £21k outstanding.

Any advice that you can give me would be very appreciated.

xx

Anondebtadvisor

Unless your circumstances have changed which means you cannot make the agreed monthly payments, creditors will want as close to the 21k as possible - supervisor fees for the remaining years.

bumbling

Thanks. My circumstances have changed slightly. I am pregnant, I will have to take maternity leave from January next year, which will mean a reduced salary but they have said I would be able to review my payments 3 months prior to my leave, I was just trying to think long-term and if there would be anyway to clear the debt and start fresh from once the baby is here, as my salary de-creases significantly once on Maternity.

tigerfeet2006

Pop over to the IVA&DRO board and post this, they should be able to help.

http://forums.moneysavingexpert.com/forumdisplay.php?f=159