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by Jake1195
Sat Apr 02, 2022 5:07 pm
Forum: Ask IVA Forum and Industry experts
Topic: Taking low payments and offering Full and final offer
Replies: 7
Views: 3814

CF do tend to push for the full amount of remaining payments. They did, at one time, also ask for the variation meeting fees of £300 on top, but no-one has mentioned this happening of late. It is not my place to recommend an amount for, what is, after all, your offer, nor, indeed, it is CF's. Howev...
by Jake1195
Fri Apr 01, 2022 1:24 pm
Forum: Ask IVA Forum and Industry experts
Topic: Taking low payments and offering Full and final offer
Replies: 7
Views: 3814

We currently pay £253 a month and have 30 months left (£7590 to pay). Would an offer of £7k be taken seriously as a way to just end the IVA and not extend it out even further? With any other IVA provider I would say that an offer of that order would be looked on favourably. Arrangements run by CF a...
by Jake1195
Fri Apr 01, 2022 11:26 am
Forum: Ask IVA Forum and Industry experts
Topic: Taking low payments and offering Full and final offer
Replies: 7
Views: 3814

A full and final is based on the remaining number of payments at the rate paid at that time, so any offer now would be calculated at the current rate and any offer after the reduction at the new rate, but over more payments. Assuming CF have used the usual clauses in the IVA they should be able to ...
by Jake1195
Fri Apr 01, 2022 7:33 am
Forum: Ask IVA Forum and Industry experts
Topic: Taking low payments and offering Full and final offer
Replies: 7
Views: 3814

Hello, We currently within an IVA, however we are struggling to make our agreed payments due to a change in circumstance. We have reached out to creditfix who have offered us lower payments but this will extend the length of the IVA. However we are currently in the process of raising funds to make a...
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