Get expert opinion. This is the place for new questions to be posted.
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pollypot
- Posts: 7
- Joined: Wed Mar 02, 2011 1:50 pm
- Location:
My final IVA payment will go out in Feb next year. Over the last 5 years I have managed to save £30 month I have had some bills but I estimate that I will have aprox £1110 by October. 2 questions, will a full and final be accepted so near to completion and will they accept it from me or does it always have to be from someone else giving you the money. I pay £331 per month so if I offer it in November it will be about £200 short on what they would receive. Don't want to speak to IP yet until I have advice. Would love to finish IVA before Christmas if I can.
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MrsKnight
- Posts: 3225
- Joined: Thu Nov 13, 2008 12:52 pm
- Location: United Kingdom
Hi pollypot.
If you have managed to save money from your allowances/bonuses/overtime then this is yours to do as you please, so making a F&F with it would not be a problem.
I cant answer for your creditors if they would accept a F&F so near to completion, but I cant see why not. Run it by your IP to see what they think, they dont have to act on it, just tell them your thinking about it.
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
Lyns x
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kazzafunk
- Posts: 4749
- Joined: Sat Mar 19, 2011 6:47 pm
- Location: United Kingdom
I think if I had got so far and saved by being frugal I would keep that money and just see it to the end. It won't shorten the 6 years on your credit record. Well done for getting so far though.
Let us know what happens
