We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

IVA Early final offer

Options
Hi,

I am looking at taking an IVA with debts of 30k.

From using tools with Websites and working out my future outgoings it looks as though I would roughly pay back 15k over the 5 year term.

One of my friends has offered to settle my debt as a final offer if this goes ahead which I think would be offered at roughly 12k (minus the iva fees over the term of the 5 years). This wold be available as soon as the IVA has been taken.

Has anybody had any experience of an early settlement this way or does anybody know if this is feasable?

As this will give me a platform to start fresh and build myself back up to gaining a mortgage in 5-6 years.

thank you in advance for any advice

Kind regards
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.