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Acceptable F&F?
Posted: Mon Jan 25, 2021 9:21 pm
by Bmarie
Hi, do you think i am likely to be accepted for a f&f. My IVA was for £6480. I have made 31 payments of £108 which totals £3348. My mother has offered to pay £2500 to settle. I know nobody can say for certain just looking for a bit of advice really. Thank you
Re: <t>Acceptable F&F?</t>
Posted: Tue Jan 26, 2021 8:53 am
by Foggy
Assuming you have a 5 year IVA ( and not a home owner) you have around 29 payments left, currently at £108. So creditors are expecting to see another £3132 from you in regular payments.
Based on that and saving creditors over 2 years messing about with dividends etc. I would say £2500 is a fair offer.
Best of luck with it . Let us know how you get on.