A F&F offer is usually based on remaining payments, so, in your case £172 x 45, assuming you are not a homeowner (If you were a homeowner you would need to factor in an extra 12 months payments in lieu of equity release). So an offer based on £7740. Often these offers can be reduced slightly, to al...

Tue Feb 01, 2022 4:54 pmFoggy wrote:

They shouldn't do -- that car will have been excluded as an asset and the F&F based solely on the cash offer you make.

Thank you Foggy

Hi again just a quick question. I have a car but it's value not over £2000 they let me keep my car during my IVA because I use it to travel to work. Now when I make the F&F offer because I am leaving my job, are they going to ask me to sell my car or not?

Thanks

Also don't forget to stress that this money is only available for a full and final and will be withdrawn if not accepted. You can make another offer but don't let them know that until after your meeting, this is supposed to be your best offer. Thank you Foggy and Kallis, your inputs are very helpfu...

Sorry forgot to add, if I offer 7K and its rejected can I make another offer stright away or I'm not allowed to do so?

Thank you foggy, no I am not a home owner.

Thanks for your help

Hi All, Hi I am currently on an IVA with stepchange, the total I owe on the IVA is £12120 and have paid 15 months of it. That leaves a reminder of 45 months. My first year I paid £202 per month then on the first review it was reduced to £172 per Month. So the calculation of what I paid until now is ...