Hi -- a lot of what happens will depend upon the circumstances involved in the making of your F&F.
I recently had a F&F based on payments made to date with GT and had the telephone interview with the variations team. In actually lasted about 20 minutes and was pretty painless. The chap from GT was very helpful and constructive. This conversation is used to help them draft the variation and put the best picture forward to the creditors.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Thanks Foggy! You're always there helping everyone with you wisdom
Sorry to ask but can you remember the sort of things they asked or were they personal?
Thanks again
*** Don't look back, you're not going that way ***
They just ran through my expenditure ( my F&F was based on the fact that I could no longer make any payments due to the fact that, post separation, the ex and I would be running two households). They pointed out a few things I had forgotten to consider, which reduced my projected D.I further and suggested a payment break until the outcome of the meeting was known.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Well now I understand why no one can / could really answer my actual question, as the call is individual to your circumstances - But thank you as always for your advise. Oh and mine took 1 hour, but I do tend to waffle.
Being with GT as well I know they take a lot of stick on here but they honestly could not have been nicer and more supportive this morning - Well done GT.
*** Don't look back, you're not going that way ***
I'm in the midst of a F&F at the moment and not particularly impressed at the time is taking...
Proposed a F&F offer in early/mid August, was told by my IP in mid August that the supervisor was happy to proceed with F&F offer and paperwork would be sent out to me, 4 weeks later still not had any paperwork. My IP seem to be progressing this very slowly, presumably because as part of my F&F offer (at their request) I confirmed I would continue to make normal monthly payments until November. Is it ‘normal’ for IP to take 4 weeks to send out F&F paperwork for me to check/sign in order to them to approach my creditors ? - starting to think I shouldn't have agree to making monthly payments for so long as given them an excuse not to deal with this as a priority...
Also somewhat concerned regarding implications of tax coding notice change I received from HMRC last week, which means my income will be somewhat reduced, which in turn should impact both on my monthly payments and the overall return my creditors would be received had I not made a F&F offer (am not intending to reduce F&F offer to reflect this change).
Generally find my IP very slow to deal with any potential reductions in my income and effect upon ability to sustain level of monthly payments but very quick to demand 50% of any surplus.
Hi Pavel33 - we were told today that once they receive the necessary paperwork(wage slips, proof of certain income and out goings, Mortgage statement etc) and we have 2 weeks to collate this (but already done it) it will then take 3 weeks to put the proposal together and another 28 days for the creditors to respond.
On top of this GT also offered for us to pay almost 50% less each month, as this shows that we are still willing to make payments, that of course we are until the "case" is sorted,so we took the offer and instantly I feel less money pressure.
So maybe you're right, maybe you should have accepted the reduced payments too, maybe you still can??
Who are you with? as I have stated GT have been nothing but great to us, are we one of the lucky ones? time will tell......
*** Don't look back, you're not going that way ***
