Full and final settlement - possibility?

[paulgm_2000]

Hello again,

I have now submitted all my budget details to Tina who works with Melanie Giles and waiting to hear back. Apparently Melanie is on holiday(fully deserved!) so will have to wait a week or so.

I am looking to put forward an offer of around £325 pcm on outstanding debts of £50,000. I have been informed this is around 29p in the pound and a total including fees of £19,500.

There is a SLIGHT possibility that one of my friends maybe willing to put up around £15K as a loan to get me out of debt for good. However, this won't be for around 6-8 months at the earliest.

Hopefully, by then I will of paid off 6 monthly payments(£1950) and would look to make a full and final settlement offer to my creditors.

Can someone inform me how much the IP fees are and what would be a reasonable settlement figure? Would £15k be enough?

Many thanks,

Paul

[Lisa2009]

The best person to advise you would be one of melanies team because i think the fees vary from IP to IP. I know ours were around £900 per year but i couldnt tell you what Melanie's are.