My son has offered to make my last 4 payments. Is it worth putting in for F&F settlement ?

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Tonydc6

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Post by Tonydc6 » Sun Apr 05, 2015 6:45 pm
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My son has offered to make my last 4 payments in my iva is it worth putting in for full and final settlement
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Foggy

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Post by Foggy » Sun Apr 05, 2015 6:59 pm
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No, in a word ---- it will take that long to arrange. I would ask him to simply make the payments as they become due.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Tonydc6

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Post by Tonydc6 » Sun Apr 05, 2015 7:16 pm
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Thanks for your advice
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lifenoteasy

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Post by lifenoteasy » Sun Apr 05, 2015 8:07 pm
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Would be the best idea especially given your other post and concern about impact of reduced payments.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
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luluj

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Post by luluj » Sun Apr 05, 2015 8:54 pm
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Agree with foggy ... let him make the payments for you rather than the extra work in making a f&f
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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Shining

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Post by Shining » Sun Apr 05, 2015 11:33 pm
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Is there any equity clause to fulfill? If not then I would do as others suggest if son wants to pay the final payments go with it and it'll soon be over. Good luck for a smooth conclusion to your IVA
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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