What sort of amount do you think would be accepted for a F&F ?

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Geoff.ww

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Post by Geoff.ww » Thu Jul 02, 2015 8:29 am
hi i have 19 payments left on my iva plus 12 payments on equity release .my parents are offering a full and final payment.what sort of amount do you think would be excepted my total amount owed including the equity is £8800 .
 
 

lifenoteasy

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Post by lifenoteasy » Thu Jul 02, 2015 8:42 am
Offer 31 times your monthly amount reducing as times goes on to arrange the f&f.

You could also consider knocking off 10% from the f&f offer simply because you are settling early.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

Lisa Thomas

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Post by Lisa Thomas » Thu Jul 02, 2015 10:04 am
Do you mean the total left to pay would be £8,800?

You could try and offer somewhere in the region of £7k-£8k.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

Foggy

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Post by Foggy » Thu Jul 02, 2015 11:40 am
I agree with Lisa -- after all the creditors are saving on admin costs over the time left.
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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