I have just paid the first cheque nearly half of my required amount from my insurance policy.
I also requested for FF with the help of friends and families because of my retirement age this year. If the required amount is 16k
is it ok to offer 13K or close to the amount.
What will happen if it is rejected. Do you have a minimum period to run before FF
If you're retiring and wouldn't be able to continue with the payments then I think the offer is probably a good one.
Was the fact that your were retiring taken into account when the IVA was drawn up?
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
I don't think there is as you can offer a full and final straightaway rather than do a five/six year one.
I do stand to be corrected though and hopefully one of the experts will be along to advise.
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
Thank you all, your support and advise. First payment is part of the IVA and just started. Because of my age and the job, requested for F.F The question is, For the regular payment of £16K for the full IVA period- can you offer £13kfor F.F
Is it a reasonable offer?
Any advise is greatly appreciated.
You can offer whatever sum you like as a full and final offer, but clearly it will have more chance of acceptance if it is similar to the amount you recently pledged to creditors. What a shame this opportunity was not available to you when you proposed your IVA.
