www.iva.co.uk

If I go to my creditors to offer a reduced F&F Settlement, would I be better off doing this just to the creditors that I owe a fair amount too? I have a few of creditors that I only owe £1,500 too so thought it may be best to offer them the full amount - just wondered if it would cause less damage to my credit rating by only offering a lower settlement fee to the main 4/5 creditors rather than the full 7?

I'm sure an expert will be along to answer this one Simon.

I thought it was a no-no to favour one creditor over another. Are you going for the F&F IVA now then? I thought Melanie indicated you'd have to offer most of what your current debt is because of your disposable income.

Alan