Evening, I am desperately seeking advice. I have been in an IVA with creditfix for just over 2 years. I have been making the agreed payments every month (despite an agreed 2 month holiday period when my wife and I temporarily separated)
My first issue is a number of e-mails to creditfix asking to clarify the amount of my original debt, as from the summaries I have from the chair report indicates a number of duplications, which are the same debt under different references for different debt collection agencies, I have not had any response from Creditfix to explain this, in fact I refused to sign the agreement until clarity was received, but they have never responded, and I have continued to pay the agreed figures.
So I calculate my debts to be circa £20k, however the following figures are on my report:
SoA amount = £27,235.900
Submitted Amount = £21,045.97
Admitted Amount = £17,527.44
However the figure they say that I am discounted from is £30,461.37
Can anyone explain how this is calculated and what the above detail means, as I cannot get an answer out of Creditfix
Secondly, I have contacted Creditfix to offer a settlement figure, as my parents have contacted me to offer to relieve burden, (they have concerns about the future with the present climate, and in their words do not want to leave us knowing we are carrying burden)
I have read of some of the terminology to use in an offer r.e. gift and full and final caveat in the offer, and we are presently putting the letter together.
based on the figure they have issued above the following summise is made:
£30,461.37 original debt (disputable - see note 1)
71% write off = £21,267.57
Remaining agreed to be repaid = £8,791.00
Paid to date = £3,241.00
Remaining outstanding = £5,550.00
Would an offer of £6,000.00 be sufficient? could I chance a little less? (for the benefit of my parents not me.
We privately rent and have no other assets