Full and Final offer

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Post by sam895 » Sat Sep 19, 2020 6:57 am

I was hoping to get some more info about offering F & F settlement to finish my IVA as my husband has offered to help me out.

I have 19 payments left and I pay £192 per month. How much should I offer. Is there anything we need to consider.

Many thanks,


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Post by kallis3 » Sat Sep 19, 2020 7:23 am
Firstly you must specify it is an offer and not a settlement. Secondly, do you have an equity release clause? This may make a difference to the amount you have to pay if the 12 month extension applies.
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Post by Foggy » Sat Sep 19, 2020 9:10 am
Assuming that you are not homeowners the creditors are expecting a further £3.6k from you ( nearly £6K if you are a homeowner with more than £5k equity from your share). It is difficult to gauge an offer amount without reference to the full picture, but, I would guess at something like £3k (or £4.5k if equity is involved). I have seen lower offers accepted, but I have also seen very high ones refused.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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