Does anyone know - If your debt has been sold to MaxRecovery, should the original debtor still have an entry on your credit report. I completed my IVA in September and have just got roudnto checking my report. It obviously looks twice as bad as it really is as all but 2 of my debts were sold to MaxR...

Thanks abc and Melanie I have just spoken to my dad again, and he too thinks that I should just offer the 26p/£, as this means they will be getting what they expected, but 3 years early, and it gets rid of the risk of my IVA failing. Also I've just worked out that MAX Recovery now own 64% of my debt...

Now that is good to know! Thanks for your advice again abc. Am awaiting a reply from my IP, but I'm glad you think it is a reasonable offer, when you're in the know! Hope I didn't offend in my ignorance.[:I]

Amy

I see what you mean. I have to admit, by offering £7000, that is only £200 less what the IVA would pay out anyway (another 36 payments at £200), so IP fees not really been reduced. Hopefully Melanie (the font of all knowledge) will give me an IP's take on this

Thanks for your reply abc, sometimes just sounding things out helps. Thought I might offer a higher dividend as per Andy's article stating that this may make it more appealing to creditors. Especialy as the reason for F&F is not reduced future payments through pregnancy or job loss.

Is your father-in-law aware that you have the IVA. If so, just ask him to put in writing that you don' t benefit from the money, and give your IP a copy at review. Can't see why they should hold it against you.

My parents have offered to lend me some money to offer a lump sum as F&F, so long as not too much. I've got no good reason for finishing early (i.e. pregnancy) other than it has been a struggle over the last 2 years, and I've already had to borrow quite a bit off my parents to subsidise month on mon...

You can also write to the three main credit reference agencies, and ask for them to put a note on these defaults, explaining that they were included in a satisfied IVA. No use if a computerised search is run, but will show up if a creditor runs a manual search.

As a matter of interest what does "all the relevant documents" include. Is it just the legal papers that need signing, or do you have to do new a new I&E

Thanks James - and congrats on the new arrivals

Thanks for your quick reply, Melanie. What else does the F&F process involve. Know I need a letter from the 3rd party (parents offering to make the contribution). Do I need to provide a new I&E. My last review was a couple of months ago. My IP is with Payplan(John Harrison), do you think they will t...

I'm a newbie here but have been very interested to find out with help from a 3rd party it is possible to arrange an F&F settlement. Can one of the experts please confirm whether it is better to approach your IP with an offer, or to approach them and ask for a settlement figure. I want to make sure t...