The companies I owe money too are looking for 15p in the pound and I have around 70000 in an Iva from several companies how much on average would they take as a full and final settlement?
Generally a F&F is based upon the monthly amount multiplied by the number of payments left (plus 12 if there is equity to be dealt with). Basically the offer is to give creditors what they agreed to, but early.
Sometimes they will consider less, dependent upon the circumstances of each case.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014