Posted: Sun Jul 22, 2007 4:24 pm
I have just been reading some of the F&F posts by those wanting to finish them early and a reply by Melanie to one of them asking the reason why got me thinking.............
What reasons are valid ones for wanting to offer a F&F settlement? Obviously just wanting to get rid of it isn't a good enough reason?
I ask as my hubby is going to be doing this next month (fingers crossed) with the help of a friend who is going to lend him the money to do so. We have quite a few reasons why:
we live in married quarters but have to move in November as hubby being drafted elsewhere. We currently live in substandard MQ and so pay a reduced rent. When we move, the standards of the MQ will be significantly better so will have an increased rent.
Hubby has a son from previous relationship to whom he pays maintenance. This hasn't been increased for 3 years and son approaching secondary school age so needs to increase monthly payments.
When we move, hubby has 101 courses to attend, most of which are away from the family home (ranges from 2 weeks to 3 months). Because of this he will have to pay food charges at the place he stays (taken straight from wages so no say). I dont think he has to pay accommodation fees. There is also the aspect of additional travelling expenses.
Hubby is in January being drafted to his front line tour of Afghanistan for 2.5 years. (obviously not there all the time, 6 months there, 6 months home etc etc).
Also, he got a pay rise recently but the down side to this is that the tax credits has been significantly reduced. Went from £175 to £42 [:0] which swallows up any payrise and more!
He is very keen to offer a F&F settlement for these reasons and that the fact that it is going to be a very stressful couple of years with the job and it will be much less to worry about for me on my own with the 4 children when he isn't here.
Is these good enough reasons?
Starting to worry a little now that they aren't good enough for the creditors? [:(]
What reasons are valid ones for wanting to offer a F&F settlement? Obviously just wanting to get rid of it isn't a good enough reason?
I ask as my hubby is going to be doing this next month (fingers crossed) with the help of a friend who is going to lend him the money to do so. We have quite a few reasons why:
we live in married quarters but have to move in November as hubby being drafted elsewhere. We currently live in substandard MQ and so pay a reduced rent. When we move, the standards of the MQ will be significantly better so will have an increased rent.
Hubby has a son from previous relationship to whom he pays maintenance. This hasn't been increased for 3 years and son approaching secondary school age so needs to increase monthly payments.
When we move, hubby has 101 courses to attend, most of which are away from the family home (ranges from 2 weeks to 3 months). Because of this he will have to pay food charges at the place he stays (taken straight from wages so no say). I dont think he has to pay accommodation fees. There is also the aspect of additional travelling expenses.
Hubby is in January being drafted to his front line tour of Afghanistan for 2.5 years. (obviously not there all the time, 6 months there, 6 months home etc etc).
Also, he got a pay rise recently but the down side to this is that the tax credits has been significantly reduced. Went from £175 to £42 [:0] which swallows up any payrise and more!
He is very keen to offer a F&F settlement for these reasons and that the fact that it is going to be a very stressful couple of years with the job and it will be much less to worry about for me on my own with the 4 children when he isn't here.
Is these good enough reasons?
Starting to worry a little now that they aren't good enough for the creditors? [:(]