I have asked Creditfix just waiting on a reply, but just curious if anyone has any experience.
My mum has offered to put in a Full and Final offer for me to close my IVA, which currently has 12 months left to run. CreditFix have asked her to put the offer in writing, with proof of funds, and photo ID. The only issue is she has no photo ID. She has a passport that has not long expired. Does anyone know what other forms of ID they would except?
Hugs to all.
X
Currently in an IVA. Not a Financial Professional, any comments expressed are just my opinion.
My parents where going to lend + contribute - to me the money to pay my IVA off 5 months before the last payment to the exact amount I would have paid during that time (£1.500 I think) but I never preceded when I was told that. although I would have paid the money early - my last payment date would still be the same as if I had paid it the way I was. I would not get my certificate any quicker and would be liable to pay any windfalls before the certificate came. So I just carried on as I had. Maybe the worlds "full and final" make a difference? But I am sure you would still need to pay any windfalls you receive even after this?
Not sure - hope someone will correct this if I'm wrong?
Radish wrote:My parents where going to lend + contribute - to me the money to pay my IVA off 5 months before the last payment to the exact amount I would have paid during that time (£1.500 I think) but I never preceded when I was told that. although I would have paid the money early - my last payment date would still be the same as if I had paid it the way I was. I would not get my certificate any quicker and would be liable to pay any windfalls before the certificate came. So I just carried on as I had. Maybe the worlds "full and final" make a difference? But I am sure you would still need to pay any windfalls you receive even after this?
Not sure - hope someone will correct this if I'm wrong?
If you make a full and final offer,which is accepted, the completion process starts when you make the payment -- this IS your final payment. However, like in an IVA that goes to term, you are still liable for windfalls until you get the certificate. But, you do get the certificate earlier than you otherwise would have done.
Radish -- in your case you were not making a full and final, you were simply making payments in advance --- 5 months is too short a time to make a F&F worthwhile.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
So if my parents did make a successful Full and Final, I would still be in the IVA until I get my certificate which would still be after the 12 months.
Is that what you mean?
Kind Regards
James
Currently in an IVA. Not a Financial Professional, any comments expressed are just my opinion.
So if my parents did make a successful Full and Final, I would still be in the IVA until I get my certificate which would still be after the 12 months.
Is that what you mean?
Kind Regards
James
If you make a full and final offer you are still in the IVA until you get the certificate -- BUT they will issue the certificate early. They start the completion process as soon as you make the F&F payment. I ws pointing out that Radish's case was different in that he didn't make a formal F&F offer.
So, if you make a F&F today, which is accepted in, say 2 months, you will still get your certificate 10 months sooner than you would have.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
