F&F offer out of inheritance but don't know what to ask for and how to do this.

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Karen.59
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by Karen.59 » Tue Feb 06, 2018 1:49 pm
I have had some inheritance, i have an iva its been going now for 3 years and still have 3 years to pay at £70 per month. in total over the 72 months i would pay £5040. I want to pay them £6000 out of the inheritance but dont know what to ask for and how to do this.
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kallis3
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by kallis3 » Tue Feb 06, 2018 1:55 pm
Unfortunately, unless you can pay your IVA in full, you will have to pay it across.
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Foggy
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by Foggy » Tue Feb 06, 2018 2:17 pm
I am afraid that the whole inheritance is due to be paid to your creditors, up to the amount of the full original debt, plus fees and possible statutory interest, less what you have paid so far.
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Lisa Thomas
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by Lisa Thomas » Tue Feb 06, 2018 4:03 pm
So sorry Karen but as the others have told you all of this has to be paid over unless and until the total debts plus interest plus costs have been paid in full - only then would you get something back.

Interest is not always applicable and sometimes creditors will waive it.

How much was your original debt?
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