Hi , i have already asked a question on her about a full and final from my parents in the form of they will be getting a loan to pay it but what id like to know is can they put forward an offer before taking out a loan as obviously they are concerned about getting this loan and then the offer not being accepted? I am with harrington brooks if that makes a difference? Thanks
Your IP will need to know that the funds WILL be available. Perhaps they could get approval in principle --- HB would be the best ones to advise as to what they require.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Agree with foggy - the money needs to be available once offer agreed and your parents need to provide assurance that it will be - I would hate for it to go horribly wrong !
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Yes put the offer through on that basis, only if accepted would they completed the loan application and obtain the funds.
That was if the variation is rejected they would not have damaged their credit rating or got the loan unnecessarily.
IN case we haven't said before - remember completing early will not fix your credit rating - this will still be damaged for 6 years from the start of your IVA. It will however give you control back over your finances.
