Early Settling?

[dots]

I would have thought a letter of intent from them and a cheque written direct from them to IP would have sufficed...

[pixieboy]

A letter of intent does not confirm a persons identity and a cheque would not be sent until after the f&f settlement has been approved. You will note from the attached below that IPs are included in the money laundering regulations:

What businesses are included in the Money Laundering Regulations 2007?

Most UK financial businesses (banks, building societies, money transmitters, bureaux de change, cheque cashers, savings and investment firms) are covered. In addition the Regulations cover legal professionals (when undertaking some activities) accountants, tax advisers, auditors, insolvency practitioners, estate agents, casinos, high value dealers (when taking cash of 15,000 Euro or more) and trust or company service providers.

If it wasn't for the regulations it wouldn't be hard for us all to take out a loan for £15 or £20k hide it away and rake up debt of £50 or £60k then go down the IVA route and hey presto we can offer a f&f settlement with the loan we hide away!!

Thinking back now I wish I had done that!! lol

[dots]

Just had another chat with parents... they are not too happy about giving out extra private info like that, but under the circumstances, if they can provide sufficient help then they may open up on this occasion... it is all really a matter of their own privacy... I do not know what they have, as much as they not know what I have, so passing on to IP is out of their natural instinct.

[dots]

Good point Pixieboy... It is just I was not thinking on the adverse line... could not see why general offer would not be accepted, but now you say what said, it does make some sense... Now I do like your scenario... can we all give it a go??? tee-hee!!

Anyway, as mentioned above it should be ok later in the year providing funds sufficient, and if need be will have to run the ID thing past friend but will try to keep to one source if possible.

I would love to knock at least one year off this 6 year shackle!!

[pixieboy]

As your parents will send the required documentation directly to the IP I do not see what the concern is as you will not have sight of anything so you will not know their financial affairs and they will not know the ins and outs of yours only the amount that is being offered for the f&f settlement.

[Soulgrowth]

It was from a third party Dots ... a re-mortgage [:)]

Debbie

[dots]

The issue is not that parents divulge info to me as such, but to anyone at all... The point I made was simply and purely that!

[dots]

Sorry, no re-mortgage... no mortgage in the first place Debbie! ...... good try

[MelanieGiles]

The easiest way for IPs to deal with this is to have the money paid across prior to the offer being made - of course on the basis that it is immediately returned to the payer in the event of a rejection.

[dots]

That sounds even better idea Melanie, but time will tell...

It has been suggested before about assistance, but never came through... With now just over £9k to go for full term (20 months left), an offer value towards pIN£ F&F is getting lower all the time.

52 down... 20 to go!

[dots]

It is also a good feeling on reflection, Melanie... If I do have to go full term; I only have next year left to do. (nearly half way through this year already!) ... One more annual returns January next year, then the final payment (72nd) Jan 1st 2010 ... and then IVA year end Jan 30th would be closure!

[dots]

As my 20 to do becomes teens then single figures, it will be a great countdown...

tiddly-boomph-teh-boomph-Pboaaauh!