www.iva.co.uk

Hi I am in an IVA with payplan. It is due to finish in October 2016 and I have been struggling recently. One of my best friends has offered to gift me £1850 for the sole purpose of F & F. I emailed my advisor just to find out what I should do and was told. "If you want to put an offer to my creditors thats fine but they want to make me aware that the process can take 3 months". Does it normally take this long just felt like it was a rather blunt reply? I was wanting to know once I put forward offer in writing how long till creditors meeting arranged etc whether I should offer a reduced amount based on the fact that I will be obviously making monthly payments etc. Any advice would be much appreciated!

Yes it probably does. We first made contact at the very end of November about a F & F and they have only just agreed on monday to put the offer forward so we don't even have a date yet. Some of the delays were finding info over the Christmas period so fingers crossed yours will be quicker.
Good luck
Nmc

It may take up to three months to conclude which when you think it will end in October I do question whether it would be worth progressing a f&f at this stage. Your friend maybe be better helping you in other ways and maybe gifting you some money each month to avoid you struggling.
Even if a f&f was agreed it is not going to speed up the clearance of the credit files ..these will remain showing the iva until the 6th anniversary.

I put offer forward 5th Nov....received proposals to sign beg Dec. Meeting was set to 11th Jan. I literally sent everything straight back recorded delivery so I knew they had it. Mine was accepted 11th Jan. Paid the money the next day.