Early Settling?

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I was interested to read a note by "Couple31" to "tickertyboo" earlier ... http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=11691

I am intrigued to learn what proof of income was expected by inlaws to the IP on offer to do a F&F ... I was not aware that IP needed to know private financial knowledge of benefactor... My parents may be able to help out later this year and maybe even a friend (or even combined between them) ... My Parents are both retired and my friend is between employment and I am sure that neither would appreciate third party delving into their ins and outs when they are only doing a good deed!

[aguise]

Hi Gordon.
I thought that all that was necessary was to show that the money was avaliable and ready as such, and just a leter from the third party confirming thaat they are willing to make the payment as full and final and that they would require the payments to then be made to them.
I see no reason for anybody to have to show where the money had come from that is their business.
Just my thoughts Gordon.
Hope your are ok and still pushing forward.

Ang

[Lisa2009]

Hi Gordon.

I think what Ang is saying is correct. I have read it on the forum somewhere.
A letter from the third party should suffice and proof that the funds are ready and available.

[dots]

Good Sunday morning you wonderful ladies...

I was led to believe as you both do, until I read the conversation that I noted above. (link posted to my comment)... It just struck me as a "hang on a minute" situation; why did in their case, the inlaws have to prove to the IP for their proof of income!?!? ... Was there something I had missed?!? ... I would rather go the whole hog than get any benefactor feel uneasy about confidence...

I was just taken aback a little there, because I have been working hard in my brain and opening up my IVA story to my friend, that for it to be hindered by that kinda hiccup, would possibly blow the whole idea!!

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Ang, I am still pushing forward as ever thanks, now 52 down and 20 to go for full term. It is a hard struggle not having excesses that I used to with previous employer, so not have all those odd 50% extras to float with. I am just about spot on to budget set and so is getting tighter as progresses as cost of living naturally increases... well don't we all know!?!

I am not sure that my new employment is the correct future, but having been made redundant from last, then it is a matter of survival... I always keep my eyes open for new ideas, but my head just plops off my hands when I reach dead ends so often...

Keeping in sight for that tunnel end and just hope that between those around me that I have opened to, can be able to fulfill their ideas of assistance... but I learn to take with pinch of salt and reality will be in the revelation of actual action... sorry, long words... I must not keep using the word "I".

[Soulgrowth]

For my F&F I have just sent my IP a copy of my bank statement showing that the funds were 'available'

Debbie

[dots]

Thanks debbie, but in this case, the funds will not come from me... and as all it should be is a declaration of assistance, then it does question the others' notes. ... After all, it would be just an offer and could still be backed out of at last second if assistance was to cancel... Surely, it is all down to proof in the pudding... the payment being made?!?

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I thought Debbie, that payment was not to come from the IVA client but from third party... If monies active in your account, then it could be construde as benefits extra to the terms??? ... just a maybe???

[couple31]

Hi

By 'proof' he just had to show them a bank statement showing that the funds were there

[dots]

Hi couple31... That is still an intrusion into their personal account... As been stated here, the ONLY evidence of the payment required will be the payment itself... providing it does actually come from a third party, then the IP has NO interest or mind to insist such information... A statement shows all other personal transactions and nothing to do with IP.

As the ladies earlier in this posting have said and as I have understood all these years and through this forum, if a third party wishes to offer to help out, they can even still back out at the final second and all that happens is the monthly payments continue... I see NO reason for an IP to insist personal details of third party... The letter should suffice, followed by the payment direct from the third party when requested... That is the only requisite read until I found the note on the other post today.

Maybe Melanie or Andy can dot the "i's" and cross the "t's" on this subject?

[dots]

If my assistance is from multiple sources to make up the level required, then if "proof" as stated required, it will be rather awkward a motion.

[dots]

Further... The letter of declaration to pay, should be proof of funds in its own right... The payment of, will close the deal!

[pixieboy]

I believe that under the money laundering laws proof of identity i.e a copy of their bank statement is required from the third party offering to make payment towards the f&f settlement.

[Adam Davies]

Hi
Good point pixieboy
Regards

[dots]

Not sure what context money laundering exists in these matters as all they are doing is making an offer to help, but Ok, that point taken pixieboy, but just a shame that in all honesty, privacy cannot be maintained... I will try and pass that concept to the potential, benefactor(s) and see what transpires...