Any advice about offering a F&F would be much appreciated !

[Nix]

Hi I am in an IVA with payplan. It is due to finish in October 2016 and I have been struggling recently. One of my best friends has offered to gift me £1850 for the sole purpose of F & F. I emailed my advisor just to find out what I should do and was told. "If you want to put an offer to my creditors thats fine but they want to make me aware that the process can take 3 months". Does it normally take this long just felt like it was a rather blunt reply? I was wanting to know once I put forward offer in writing how long till creditors meeting arranged etc whether I should offer a reduced amount based on the fact that I will be obviously making monthly payments etc. Any advice would be much appreciated!

[NMC]

Yes it probably does. We first made contact at the very end of November about a F & F and they have only just agreed on monday to put the offer forward so we don't even have a date yet. Some of the delays were finding info over the Christmas period so fingers crossed yours will be quicker.
Good luck
Nmc

[luluj]

It may take up to three months to conclude which when you think it will end in October I do question whether it would be worth progressing a f&f at this stage. Your friend maybe be better helping you in other ways and maybe gifting you some money each month to avoid you struggling.
Even if a f&f was agreed it is not going to speed up the clearance of the credit files ..these will remain showing the iva until the 6th anniversary.

[annearchie]

I put offer forward 5th Nov....received proposals to sign beg Dec. Meeting was set to 11th Jan. I literally sent everything straight back recorded delivery so I knew they had it. Mine was accepted 11th Jan. Paid the money the next day.