So yesterday I received a text from Creditfix re. the cost of living. They said that, based on the increase in the cost of living, they have carried out an assessment on me and believe I'll be unable to continue to make my payments of £268.00 monthly to my IVA. With that being said, they have put fo...

Much appreciated for the quick reply again! I think my overall reasoning for doubting if an offer of £16,080.00 would be acceptable is because that basically means I would be avoiding having to pay £19,063.04 (the difference between £35,143.04 and £16,080.00). With that being said, based on what I'm...

Hi Foggy, Much appreciated for the quick reply! I thought I'd start by stating I'm not a homeowner, so I imagine the 12 extra payments in lieu of equity release won't apply to me. Specific to Full & Final Offer then, is it considered as frowned upon/more likely to be refused by creditors then if, li...

Oh, and I forgot to add, the reason I added those three creditors in-particular and the % of debt that those three add up to is, I've seen somewhere that debtors of course have to vote (I know initially to create an IVA but also for a F&F) in favour - and that there needs to be a total of 75% in val...

Afternoon, all :). I need a little help, and where better to come initially than here first! I entered into an IVA with Credtfix in June 2021 (so it's coming up to a year). The total amount of debt, as shown on the app, is £35,143.04. This is split across 8-10 creditors. To break this down briefly, ...

Much appreciated for the quick reply, Foggy! The additional £100 is in the wage in itself, not overtime or additional payments/bonuses unfortunately. I read and understood that I could earn up to an additional 10% as a result of overtime/bonuses etc, and that anything above that would then be split ...

Hi all, First of all - pleasure to meet you all. I hope you're all well :). I signed into an IVA last year in June with Credtfix, and, as such, I'm in the run up to my annual review. Despite trying not to think about it, I am - and I can't help but worry. My first question is: When I signed the Chai...