Advice on f&f

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mummyjosie

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Post by mummyjosie » Tue Jan 15, 2013 12:58 pm
Hi all, happy new year to you all, we have 23 payments to go in our iva paying 447 a month, what do you think they would accept for a f&f ??

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Shining

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Post by Shining » Tue Jan 15, 2013 1:02 pm
Hi the only advice I can give is that a figure as near to the original dividend as possible may be acceptable. Worth a word with your IP to see what they think. Is there a particular reason for wanting it to end early as sometimes this makes an offer more favourable. All the best x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

luluj

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Post by luluj » Tue Jan 15, 2013 7:30 pm
If you multiply the number of months left by the monthly amount paid, plus add any equity release clause you may have this should give you an indicative figure
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MelanieGiles

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Post by MelanieGiles » Wed Jan 16, 2013 1:27 am
An offer of around £10,000 ought to be acceptable, unless you are currently struggling to make your payments at £447 in which case a lower offer may be possible. What are the reasons for you wanting to do this now, and where would the funds be coming from?
Regards, Melanie Giles, Insolvency Practitioner
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