i have just applied for a f+f settlement...my iva is up in july and if we dont have any equity in our house we have to extend by 12 months...if we keep goin for 12 month the differance will be £2000 my mother in law has offered the f+f of £8400 to be paid asap if the creditors accept.what are the chances of them accepting do you think bearing in mind we only have 8 payments left.most of our debts have also been sold on to other companies.
If the F&F offers a similar ammount to that which you would pay in the remainder of your IVA with the extra 12 months included then it stands a very good chance of being accepted.
Most prefer to get their money sooner rather than later.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
