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Posted: Tue Jun 19, 2012 1:41 pm
by mummyjosie
Hi forgot to write this question on my last post, if we wanted to do a F&F offer what do you think would we need to offer? we pay £447 a month and are half way through our iva.

Thanks again

Posted: Tue Jun 19, 2012 1:45 pm
by Michael Peoples
This depends on whether you can maintain the payments or not and what if any equity is available in year 5. Assuming no equity and you will have to repay the debt I would think £10k would be a starting point but if you are struggling a lower figure could be used.

Posted: Tue Jun 19, 2012 2:09 pm
by mummyjosie
Thanks for answer both questions today michael peoples :-)