Do you still pay every month while you wait for IP to sort F&F

2 posts Page 1 of 1

GoonerDad

User avatar
Posts: 14
Joined: Fri Aug 15, 2014 12:05 pm
Location: United Kingdom

Post by GoonerDad » Thu Jul 19, 2018 10:03 am
Do you still pay every month while you wait for IP to sort F&F? Do they stop taking the card payment? I would put money to one side if so.

Foggy

User avatar
Forum Expert
Posts: 28587
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Jul 19, 2018 11:15 am
GoonerDad wrote:
Do you still pay every month while you wait for IP to sort F&F? Do they stop taking the card payment? I would put money to one side if so.
Depends on if you have agreed a payment break with your IP. If not, it is usual for payments to continue and they will not be deducted from the F&F lump sum. However, in these days when IP's seem to be taking forever to submit an offer, it is increasingly common to put a clause in the offer that any payments made after such and such a date will be deducted from the lump sum.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
2 posts Page 1 of 1
Return to “full and final settlements”