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Posted: Fri Aug 14, 2015 10:12 am
by Donna.h
we have 8 months left to pay @ £375 = £3000 would we have to pay this up front to settle or what could we offer as FF?
Posted: Fri Aug 14, 2015 10:32 am
by kallis3
Hi,
To be honest by the time you sort out a full and final it may be close to the end anyway. Is there any reason you want to try and finish early (apart from the obvious one of wanting to be free of the IVA!)
Posted: Fri Aug 14, 2015 10:35 am
by Donna.h
no not really, just to get it finished - is it better to let it run its course at this late stage?
Posted: Fri Aug 14, 2015 10:36 am
by Michael Peoples
Some firms are taking an age to call variations and on another thread a poster was told it would be December so it may depend on who you are with. The IP may have the discretion to accept the money and close it down without a variation especially if you do not pay bonuses, overtime etc which may be a justification for keeping the file alive.
You should have a chat with your IP but it is a possibility and I would think our IPs would likely allow this.
Posted: Fri Aug 14, 2015 10:38 am
by Donna.h
ok, would it look better on credit file to settle early or any other advantages at all? or we may just leave it to run its course, its not long 8 months.
Posted: Fri Aug 14, 2015 10:44 am
by kallis3
It won't make any difference to your credit file as it will remain on there for the full six years.