Credit rating after F&F?

[HP231205]

Hello all
Can anyone tell me if my credit rating will be more greatly affected after a successful F&F offer rather than completing the original IVA as agreed?
I'm hoping to make an offer to end my IVA early, but am concerned that this will go against me as I've not paid as much as the original agreement.
Thanks,
HP

[iva experts]

Hello,

If you offer your creditors a F&F settlement IVA, this will still remain on your credit file for the duration of 6 years from its acceptance. However one the offer has been agreed to your details will be removed from the insolvency register as soon as your I.P issues a Certificate of Completion.

The best thing to do is talk to your I.P and discuss what they think an acceptable offer would be, this way you will know what the creditors will accept.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/

[mikebdomain]

Hi HP231205 the result to your credit report and credit status is the same for completing your IVA and offering a F&F. The only difference will be that it may be satisfied sooner.

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