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Posted: Mon May 16, 2011 1:29 pm
by pollypot
My final IVA payment will go out in Feb next year. Over the last 5 years I have managed to save £30 month I have had some bills but I estimate that I will have aprox £1110 by October. 2 questions, will a full and final be accepted so near to completion and will they accept it from me or does it always have to be from someone else giving you the money. I pay £331 per month so if I offer it in November it will be about £200 short on what they would receive. Don't want to speak to IP yet until I have advice. Would love to finish IVA before Christmas if I can.
Posted: Mon May 16, 2011 1:36 pm
by MrsKnight
Hi pollypot.
If you have managed to save money from your allowances/bonuses/overtime then this is yours to do as you please, so making a F&F with it would not be a problem.
I cant answer for your creditors if they would accept a F&F so near to completion, but I cant see why not. Run it by your IP to see what they think, they dont have to act on it, just tell them your thinking about it.
Posted: Mon May 16, 2011 2:37 pm
by kazzafunk
I think if I had got so far and saved by being frugal I would keep that money and just see it to the end. It won't shorten the 6 years on your credit record. Well done for getting so far though.
Let us know what happens