Just to be fair and balanced, the supporting letter submitted by my third party does say "no greater sum is available". However I understood that it was the norm for the letter to say that, even if it wasn't strictly true ?. Also, when my Case Officer did call me to say that the offer had been rejec...

I've spoken to Payplan, and the person I spoke to claimed to have spoken to both my Case Officer and a Team Leader, but said the same thing "that the meeting was adjourned and then concluded and thus you'll have to go back through the whole process". I asked them about making a formal complaint and ...

Just looked at the timings on my phone log - Payplan Case Officer called me at 15.22 on Wednesday and advises me that my F&F offer has been rejected and that my creditors want full outstanding sum (but doesn't ask if my third party might be willing to improve the offer and everything she says indica...

Thanks all, just phoned Payplan to discuss. In short, Payplan never advised me that the meeting had been adjourned. I was called by my Case Officer and simply told that the offer had been rejected and my creditors wanted the full amount. I wasn't asked if my third party would offer more. I then call...

Hmm, Payplan have never indicated to me that the meeting was "adjourned". They simply rang me up and said that my offer had been refused and when I asked yesterday about the process for making an improved offer they said it would have to go through the whole 2/3 month process again. So I suppose the...

Sorry but I'm not quite clear what you mean (perhaps nor was my original post) - my first F&F offer was rejected by my creditors on Wednesday, and apparently my IP was told that they'd only accept a F&F equal to the full amount outstanding. When they refuse an offer, is that the end of that 'phase',...

I raised this on another thread regarding F&F's, but as that might slip down the page could anyone confirm that if a F&F offer is rejected and the creditors say that they will only accept the full amount by way of a F&F (i.e number of remaining monthly payment multiplied by monthly amount), is it ne...

That's what I intend to do Mel, but apparently I have to go through the whole process again so it'll take another 2/3 months - or are you suggesting that I could have gone back to my IP as soon as my first offer was rejected and said "ok, we're prepared to raise the offer to cover the sum of my mont...

Based on my experience yesterday with F&F offers I'd say that it's essential for you to offer the same amount as the sum of your monthly payments, unless you can present a strong case that there's a realistic chance of you not being able to continue that level of payment for the duration of your IVA...

I believe so, to be honest I was on the train when my IP called and I may have misunderstood.

C'est la vie, but what it only reaffirms in my view is that getting your creditors to accept an IVA proposal really is only the start of a very long and stressful journey...

Well, Mel was right, my F&F offer was rejected, and my main creditor (who has taken over 3 of my debts) made it clear that they'd only accept a F&F which is the same as the total of my remaining monthly payments. The fact I'd already paid more than the amount originally expected during the lifetime ...

I think different IP's have different approaches, and it also depends how much the offer is for - as I understand it if the offer is over £10k then some kind of money laundering checks or such like have to be undertaken. In my case I simply provided a letter from myself requesting that my IP approac...

When I submitted my F&F offer my IP got me to confirm in my supporting letter that I would continue to make my normal monthly IVA payments up to and including the end of October, i.e. until the creditors meeting regarding my F&F offer had taken place. Presumably that is the norm unless there's a spe...

Also, if you've only got 4 months to go, typically F&F offers take 3 months to be progressed anyway (I submitted all the documentation for mine in mid August and my creditors meeting is this Wednesday), so timescale wise no real point going down that route.

As far as I'm aware your IVA will remain on your credit rating until 6 years from when your IVA originally commenced, regardless of when any F&F offer is offered/accepted, so it won't make any difference.

I may be wrong, but I thought that was the case.