Thanks for all the replies - very helpful as always. I too share the cynicism of this offer.
I especially disliked the claim about my credit score improving early, we all know that's nonsense. My only thought on that is that when my file improved at the end of 6 years, it will look a little more 'normal' with a well managed loan and credit card, than a recovered file with no credit record.
I am also approaching month 48 of my IVA, and my payments are likely to go up at review time due to increased net income.
Whilst wary of the potential pitfalls, the thought of going for this offer, particularly if it saves me going through equity release, and gets my name of the insolvency register early, is tempting.
I anticipate that this 'loan' would almost certainly be secured, so to hear from Michael that it may not be, is also a potential plus point.
My only decision then, (if accepted) seems to be to see how much more this loan - secured or otherwise, will cost me, over letting the IVA run its course, and if that is a price worth paying.
I'll give CF a buzz tomorrow, determine the costs/terms etc, and let you all know what they say.
My opinions are just that: Based on my experience and being a self-employed IVA customer.