What is a suitable F&F offer??

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Miss T

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Post by Miss T » Thu Aug 28, 2014 8:42 pm
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Hi guys,

I've been in my IVA for just over 3 years, so have just under 2 more years to go (July 2016).
I pay £180 a month x 23 months = £4140 left to pay into my IVA.
A relative may be in a position to settle my IVA in full soon so my question is, with a balance of £4140 left what would be a reasonable settlement figure to offer???

Any advice is greatly appreciated, thanks!
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Foggy

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Post by Foggy » Thu Aug 28, 2014 8:53 pm
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Hi. With no mitigating circumstances you really need to offer near to the amount outstanding, so, say, £4000. If the IVA was in danger of failing due to illness, redundancy, etc a lower offer might be entertained, but bear in mind that the creditors are already taking a big hit.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Miss T

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Post by Miss T » Thu Aug 28, 2014 9:53 pm
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Thanks Foggy :)
Last edited by Miss T on Thu Aug 28, 2014 9:53 pm, edited 1 time in total.
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