First time posting but interested to see what people think about my offer and the likelihood of success. As you can imagine i'm understandably nervous about the meeting (Just over 2 weeks away).
Currently I have 22 months left on my plan, with £7441.28 outstanding based on my plan. (Although i'll have 1 more payment debit prior to the creditor meeting, reducing this to around £7200)
I've offered £7500 as a full and final settlement, which is money being offered to me by a relative. I know it's more than i'm due to pay by a little, but browsing this forum i've read stories of over offers not being accepted (appreciate all circumstances are different). Personally the reason I want out is the toll it's taken on my mental health. I'm 48 months into my IVA currently, no missed payments, annual reviews all fine etc.
When I put my Full and Final offer in I offered a couple of hundred pounds above what was expected if the IVA ran it’s full course. One creditor made a bit of noise but was eventually accepted. Also by the time it was accepted I had made a couple of months more payments so the full and final was reduced by the two months payments. Fingers crossed that your offer is accepted.