Posted: Thu Jun 24, 2010 9:40 pm
Hi Everyone
New to posting after having read some wonderful post over the last few months! Just wanted to post my success story with a F&F in lieu of equity.
My husband and I started interlocking IVA's in October 2005, which included equity release of 10k in the last year, however not having enough equity to realease we were advised that a further 12mths would be required.
Due to work issues for my husband and a drop in pay and increase in mortgage payments we were unlikely to maintain the payments for the extended period, a lovely family member offered us 2.5k to put forward as F&F, we were unsure this would be accepted 12mths would have given creditors 4400. However our creditors meeting was today at 10am and we this was accepted!!!!!!!
So our last payment along with the 2.5k will leave our account on 4th October and we will be DEBT FREE for the first time in 10yrs!!!!
Thanks to all the help from this fabulous forum which has helped us over the last few months!
Thanks for reading
Kerriex
New to posting after having read some wonderful post over the last few months! Just wanted to post my success story with a F&F in lieu of equity.
My husband and I started interlocking IVA's in October 2005, which included equity release of 10k in the last year, however not having enough equity to realease we were advised that a further 12mths would be required.
Due to work issues for my husband and a drop in pay and increase in mortgage payments we were unlikely to maintain the payments for the extended period, a lovely family member offered us 2.5k to put forward as F&F, we were unsure this would be accepted 12mths would have given creditors 4400. However our creditors meeting was today at 10am and we this was accepted!!!!!!!
So our last payment along with the 2.5k will leave our account on 4th October and we will be DEBT FREE for the first time in 10yrs!!!!
Thanks to all the help from this fabulous forum which has helped us over the last few months!
Thanks for reading
Kerriex