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Posted: Sun Jun 01, 2008 4:05 pm
by jc1180
hi - what kind of figure could i look at for full and final settlement - i want to be able to make a realistic offer and friends/family may be able to help me. my iva is £368 per month. original debt was 65k - i live in shared ownership so they put an extra 6 months on my iva meaning i have to pay 66 payments of £368 (total = £24288). There is a 4 year clause which says any equity above £2208 should be paid into the arrangement - bbut because its shared ownership i am already paying an extra 6 payments and i can't see there being much equity anyway. I have made 20 months of payments so far (started oct 06 so nearly at end of second year). I have a modification that says there could be no amendments etc for first two years thats why i am starting to look at this now. Would 15k be reasonable or could i expect a higher settlement figure. My IVA agency are quite helpful but i need a figure in my head so i can make sure they aren't over stating the figure when i approach them. I really really would love to end this as it is a real struggle. Any advice grateful - please ask if i am not giving all the info you may need to advise me on this.
Thanks

Posted: Sun Jun 01, 2008 4:11 pm
by Viki.W
Hey jc, welcome to the forum. I can't help at all, sorry. I find full and finals very confusing!!!! An expert will be along shortly though to help you so hang in there. Viki X

Posted: Sun Jun 01, 2008 8:17 pm
by Adam Davies
Hi
Around 17k
Regards

Posted: Mon Jun 02, 2008 6:20 pm
by jc1180
thanks - hopefully if i pay a few more months i should be able to get them to agree at 15K?? hopefully

Posted: Mon Jun 02, 2008 6:26 pm
by Viki.W
Good luck jc, hang in there. Viki X

Posted: Mon Jun 02, 2008 8:54 pm
by Van
£15,000

Posted: Sat Jun 07, 2008 3:21 pm
by jc1180
THANKS FOR YOUR REPLIES....

Posted: Sat Jun 07, 2008 7:52 pm
by Soulgrowth
Hi jc

Your IP should be able to provide you with a realistic settlement figure.

All the best

Debbie