Hi, we have offered a full & final settlement payments of £1200. We have paid 51 out of 60 payments already however now the paperwork has come through from Harrington Brooks, they have added £500 charge for the variation and £430 as an early settlement fee. It may sound daft but will this addition £930 be on top of the £1200 we have offered. The reason doing this is because my wife has returned from maternity leave and is earning far less even after we have recalculated our payments. If we have to pay an additional amount we won't be able to as this settlement figure is a gift.
An early settlement fee is normally associated with a financial contract.
Ask them where they publish their fees and why this is being applied plus does it have the agreement of creditors.
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.
I would certainly be querying it, although as already stated it is a cost to the case and not to you directly. Would be interesting to see if such a cost were listed in your proposal.
If your creditors accept the F&F then you have the result you are looking for, which is probably the main thing for you here.
Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself
