I’m going to offer a F&F settlement. I owe a relatively low debt if £13k and have agreed payment of £95 per month so in total would pay back to them £5700. I have paid into my IVA £665 so I was going to offer £5k based on the presumption I will be paying about 2/3 months of £95 during the proposal process. Is that an acceptable amount? Also do any of you have experience with time scales for IVA F&F settlements via StepChange IVA?
That is a good offer and both creditors and Stepchange should be happy with it -- they will get what they signed up for as well as save a lump on administration costs over the next few years.
From what I gather Stepchange are pretty much on the ball with these things, so hopefully all should go through in the "normal" timespan --- usually 2 to 3 months.
Good Luck.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Thank you! I didn’t even know you could offer F&F settlements until very recently I’m hoping I can be fee of the IVA terms soon and back to repairing my future. I have learnt a big lesson
Don't forget to let them know money is only available for a full and final and won't be available otherwise.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
