Debt Free Direct,Likelyhood of F&F being agreed?

[scrubage]

We will be in the last year of our IVA come April and I am now 17 weeks pregnant. We are planning to offer to pay our IVA payments up until June (with the last payment being 1st May) and offering £2000 which our friend has very kindly offered to give us but only if we can settle the IVA early.

My IVA was originally agreed with me paying back 17.93p in the £1 and my husband's for 13.51p in the £1. With this new joint variation we would be paying back 14.57p in the £1. What do you think the likelyhood is of this variation being accepted? I'm so nervous that it won't and we won't be able to afford to pay it with the baby and we really don't want to have to take a payment break so close to the end of the IVA, only to have to make payments again when the baby is 1 year old.

[MelanieGiles]

It is likely to be acceptable in my opinion.

[Karen.c]

It is likely to be acceptable in my opinion.

Melanie I am coming up to my 4th year of IVA in March been paying £449 per month now since starting IVA I have just sent a F&F in for £8.000 as my husband has now agreed to borrow me the money as putting a huge strain on our relationship & marriage and my health. I am currently with Debt Free Direct previousley Clearstart what do you think my chances will be of an accept in your frame of mind.
Regards
Karen [:X]

[MelanieGiles]

It is in the right ball park - but probably a bit on the low side. I would have thought that £10k would have more chance, but creditors seem to be quite amenable to variations at the moment so you could be lucky.

[Karen.c]

It is in the right ball park - but probably a bit on the low side. I would have thought that £10k would have more chance, but creditors seem to be quite amenable to variations at the moment so you could be lucky.

Thanks Melanie greatly appreciated will keep you all posted keep your fingers crossed for me I have had an email to say it has been put forward to my supervisor.

Regards

[scrubage]

Thanks Melanie I really hope it's a good offer and will be accepted, it would be such a weight off of our minds what with the baby coming.

Good luck to you too Karen

[newbeginings]

Good luck with the offers!

[Shining]

Good luck to you both with your offers x

[Karen.c]

Thanks everyone I love this forum it feel slike one big happy family x

[Karen.c]

Hi folks just to let you know I have had contact please see below:-

Dear Karen



I write with regard to your recent request to settle your Arrangement early.



I can confirm your Supervisor has reviewed this request and has agreed to put the offer forward to your creditors.



Your case has now been passed to the Repayment Plan Team who will draft a report to creditors detailing your proposal. You will be contacted by the team in due course.



Regards

Rachel Pollitt
Customer Solutions
Debt Free Direct Limited
Web address:

I have also been contacted by another team and arranged a call for tommoz night at 6pm for a telephone appointment not sure as yet what this entails if anyone could help me i would be very grateful xx

[kallis3]

I've removed the web address Karen as we're not allowed to post those.

So glad they are going to put your proposal forward.

Don't know what the other phone call will be about though. Declan might pick up on this tomorrow and be able to help.

[Karen.c]

Hi Kallis so sorry I did not even think about web address apologies I have had another email from the repayment plan team saying they are going to callme tommoz to talk about the offer etc etc.
I am nervous about it but will just tell them exactly what I wrote in my letter to them.

Thanks for the support hun xxx

[kallis3]

That's all you can do Karen.

Good luck and let us know the outcome.

[Karen.c]

Hi well I have had my phonecall from a lovely lady called Kim who has explained to me that in 2 weeks they will draught up a letter on my behalf to the creditors to put the offer forward and I need to get my husband to write a letter to say he is lending me he money to offer an F & F but trouble is he does not know what to write is it just a simple I certify that I xxxx Cadman is able to lend xxxxx Cadman £xx to offer towards a final settlement of her IVA.

Any help would be greatly appreciated xxx

[MelanieGiles]

I think that wording will be absolutely fine for your Supervisor Karen.