Like wise to you! Lisa's letter looks good. Our was similar. The only thing Payplan seem to insist on is that they WON'T deduct any payments made in the interim off the offer however you can reduce / increase your offer at any time. We're on a 2 month payment break so it's not a massive issue for us at the mo. Anyway - good luck
IVA started Sept 2012, Full & Final accepted Aug 16th 2016 & CC issued 10th Jan 2017
Ok brilliant, i'm going to go in with a lower offer i think and then any payments made over the next couple of months won't matter to much, and thanks for the letter template it gives me something to think about.
Make sure they do not put in the clause about possible bankruptcy if the offer is declined - you can insist on having it removed if it does state that.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
That's the glitch that I'm waiting for when we finally receive our proposal as I've seen you've mentioned that clause before Kallis. Definitely DO NOT want BR if the offer is declined! we'll just have to carry on plodding along!
IVA started Sept 2012, Full & Final accepted Aug 16th 2016 & CC issued 10th Jan 2017
So i have jut come off the phone to my IP and he has informed me what i need to put in writing etc it all seems as straight forward as everyone has mentioned above, he also mentioned it would be 3 months. He did also mention the bankruptcy but as i have no assets he said it would be unlikely. I got my initial figure wrong though and if i was to base it on what i was paying originally i only have just over £3300 left to pay so i'm thinking about going in at around £2500 does that sound reasonable?
If it comes through with the BR option on it, get them to take it out. Payplan do this every time!!
You can go in with that offer - no harm in trying.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I will be sure to look out for that, if they do reject it is it a case of just contacting them again with a better offer? sorry if that's a stupid question.
You can go back with a better offer, but remember that a F&F is supposed to be your best offer, so can't do this too much ( it's not an auction) or they will lose interest !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I made one offer and was told it wasn't enough so made a higher one which was accepted.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Best of luck. 3 months is wrong - It will either be:
21 days to send the notice
14 days notice = 35 days
or with extra maximum 14 days adjournment
=49
OR
28 days to send the notice
14 days notice = 42 days
or with extra maximum 56 days adjournment
adjournments are quite unusual so depending on whether your terms are 21 or 28 days to call a variation meeting if you sent everything off that was required today for example you should know the outcome in either 35 or 42 days, not 3 months.
Last edited by Lisa Thomas on Wed May 25, 2016 11:38 am, edited 1 time in total.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
