Full and final advice please.

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cazann24

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Post by cazann24 » Sun Sep 26, 2010 11:48 am
Full and final advice please. I will have completed 62 months soon and have another 12 months to go as had a variation in year two which extended paymnets for a year and a 2 month payment break last year to buy a car when mine packed up.Current payments are £401 and I have 12 more to go.I work in the public sector and there are severe cut backs planned and possible redundancies so I am worried about the future.Also my landlord has informed me of his intention to sell the flat I live in and I am concerned that I will have difficulty getting a new contract with a letting agency because of their need to credit check me.I do not want my IVA to fail at this late stage and have discussed my concerns with a friend who has offered to lend me £4000 to offer as a full and final settlement. Is this likely to be accepted?I have £4812 worth of payments due and will have paid another 2 payments I guess by the time it get to a creditors meeting.I have read on here that it can take 2 to 3 months for this to be set up.
 
 

plasticdaft

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Post by plasticdaft » Sun Sep 26, 2010 12:11 pm
I would suggest putting the offer forward to creditors(via your IP of course). Given the renting situation and the possibility of redundancy etc creditors would be crazy to turn down £4k now!!!

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

Adam Davies

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Post by Adam Davies » Sun Sep 26, 2010 1:10 pm
Hi
Sounds a great offer and the record of your IVA will be off your credit record in ten months, this will make renting a property easier.
Good luck
Regards
Andam Davies
 
 

kallis3

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Post by kallis3 » Sun Sep 26, 2010 1:46 pm
Good luck, let us know how you get on.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Broke of London

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Post by Broke of London » Sun Sep 26, 2010 1:46 pm
Sounds like a great offer for the creditors as they will be getting the fill dividend bar a couple of quid so they'd be crazy to turn it down. I had to move recently and my letting agency only checked for BR and CCJs because this is cheaper than a full search. Stick to wide boys working for independents! You can always move again in a year when you'll be well clear of the iva and credit checks will come back fine.[:)]
 
 

cazann24

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Post by cazann24 » Sun Sep 26, 2010 2:12 pm
Thank you for your advice I will draft a letter to DFD and see what sort of response I get. Wish me luck.
 
 

MelanieGiles

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Post by MelanieGiles » Sun Sep 26, 2010 3:39 pm
It's a good offer and one that is bound to be accepted by creditors with your IP's recommendation
Regards, Melanie Giles, Insolvency Practitioner
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