www.iva.co.uk

I have put a f & f offer of £6000.00 to Payplan. I have 3 and a half years left on my plan of £175.00. Any advice?

Some firms can be slow at variations so keep the pressure on. In addition make sure that the offer reduces by each month's delay so you do not overpay. Otherwise best of luck.

By my calcs you would pay c£6,300 over 3 years so that's a very good offer. They might charge a variation fee but at the same time creditors will be saving 3 years administration costs. Would hope they should accept as a no-brainer. Hopefully your IP will sort the variaiton meeting quickly for you.

Hi
I my full and final offer to Payplan was accepted and now just waiting for my completion letter. I also had 3 years left of payments and offered the same amount as if i had paid the full term less each monthly payment as time went on. I think you offer is ok, maybe a little on low side but the creditors will recoup the money faster and will save on fees etc, so fingers crossed, im sure it will be accepted

I don't think it's low at all. It's only £300 less than full amount and the Supervisors costs will reduce by 3 years worth of Administration.