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Sample Letter

Request for IVA to be settled on funds paid to date (sole name)

Use this letter to ask your IVA supervisor to consider making a proposal to your creditors that your IVA be completed early. Contact us for advice before using this letter.

You can choose to send a letter in your own name or in joint names. You may want to write a letter in joint names if your IVA currently takes into account your joint circumstances.

  • Fill in your contact details, account number and any extra information you want to include in the grey shaded areas.
  • Today’s date will be added automatically.
  • Sign each letter and enclose a copy of your budget if needed.

Letter in joint names

You can choose to send a letter in your own name or in joint names. You may have a debt in joint names, or want to write to your creditors together because you have worked out a joint budget.

Change to joint version
You need to include the organisation name.
Name of the organisation you are writing toInclude the name of the person or creditor you are writing to.
You need to include their address.
Their address line 1Make sure you include the full address for the person or organisation. Don't forget the post code.
Their address line 2
Their address line 3
You need to include their postcode.
Their postcodeDon't forget their postcode.
You need to include your address.
Your address line 1Make sure you include your full address.
Your address line 2
Your address line 3
You need to include your postcode.
Your postcodeDon't forget your postcode.

5th February 2023

Date
Dear Sir/Madam
Account number:
This field is required.
Your IVA account or reference numberYou should be able to find your account or reference number on any paperwork about your IVA.
Request for IVA to be settled on funds paid to date
I am writing to you about my IVA. I understand that you can make a proposal to my creditors to settle the IVA based on how much I have already paid into it.
Please accept this letter as a request to propose a ‘funds paid to date’ variation to my creditors.
I have made
This field is required.
Enter the number of payments you have made since your IVA startedCheck your statements or ask your IVA provider for confirmation of the number of payments you have made.
payments into my IVA, totalling
This field is required.
Enter how much you have paid in total into your IVACheck your statements or ask your IVA provider for confirmation of the total amount you have paid in so far.
. Unfortunately, due to my circumstances changing, I can no longer afford my instalments. I have enclosed a copy of my budget which gives details of my financial circumstances.
This field is required.
Explain the change in your circumstances that means you can no longer maintain your IVA payments. This could include illness, disability, a relationship breakdown, a reduction in your income or an unexpected rise in your essential living expenses. Provide any information you may have to suggest that you are unlikely to be able to afford higher payments into your IVA in the foreseeable future.
I am happy to provide any further information that you need.
I look forward to hearing from you.
Yours faithfully
You need to include your name(s).
Include your full name