Can I pay creditors in a IVA

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Hi I am new on here,

I have debt's of about £41k in my IVA, I have a very good father who is now willing to pay off my debts. Can I contact my creditors and offer them amount of money to pay off my debt's.

Thanks

Comments

  • Anondebtadvisor
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    You should not contact your creditors to make the payment, if you are in a position to settle your debts, you should contact your IVA company and tell them you want to offer final settlement figure.

    How much do you have remaining to pay on your IVA?
  • Dockworker
    Options
    Thanks for the reply.

    I have £40k remaining in my IVA
  • Anondebtadvisor
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    Is £40k the debt or the payments remaining?

    Work out the amount you pay into your IVA x by the number of months remaining and that will give you an approximate settlement figure
  • Dockworker
    Options
    Is £40k the debt or the payments remaining?

    Work out the amount you pay into your IVA x by the number of months remaining and that will give you an approximate settlement figure

    Hi Anondebtadvisor

    The total amount is £12.387
  • Anondebtadvisor
    Options
    Thats the amount you should offer or thereabouts to settle your IVA :-)
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