GD.23 wrote:What's to be gained is freedom! How much are the costs likely to be?
But you also have to look at what is to be gained by the creditors who have to agree -- it will add between £300 and £500 to their fees. As mentioned, most firms take a couple of months to set this up, some take up to six! It will depend upon exactly what you wish freedom from --- some things do not automatically follow a F&F. Your credit rating will still be shot ... any PPI will still belong to the creditors .... any windfall / lottery win / inheritance that you already know about will also still be payable.
Who is onlineUsers browsing this forum: No registered users and 59 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location