Full and Final

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luluj

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Post by luluj » Sat Jan 02, 2021 6:08 am
Wish you well and good luck with your full and final offer.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"

Jellybeans

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Post by Jellybeans » Sat Jan 02, 2021 2:38 pm
Thank you lulu.

I will keep you updated on my progress.

Jellybeans

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Post by Jellybeans » Wed Feb 03, 2021 5:38 pm
Good evening

My creditors meeting took place today at 10:00 am. I hadnt heard from cf all day so gave them a call to get an update.

I was told they were still waiting for some of the creditors to vote. 3 have already voted in favour but they will chase the remaining ones.

Is this normal practice? And can it takes up to another week?

Foggy

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Post by Foggy » Wed Feb 03, 2021 5:45 pm
To be honest, it is difficult to tell what is happening when CF are dealing. We see numerous instances where these delays are explained using various, sometimes conflicting reasons for the same instance. It also seems to be that this only happens regularly with CF cases. I suspect it has something to do with the unique ways they seem to approach things.

That all said, when they have done whatever they are doing, they do seem to usually turn things around and come up with the goods.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

kallis3

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Post by kallis3 » Wed Feb 03, 2021 5:58 pm
Fingers crossed!
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

Jellybeans

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Post by Jellybeans » Wed Feb 03, 2021 10:03 pm
Thank you for the guidance.

I'm just need to start thinking ahead once and if CF accept my f&f offer.

My redundancy funds will be paid by my employers in April which I am using as f&f.

If I was to start job hunting now and got offered a role to start in May does that have any impact to my f&f iva. I just want to know if cf would still expect me to repay the remaining funds of my redundancy into the iva even if a f&f settlement has been approved.

kallis3

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Post by kallis3 » Wed Feb 03, 2021 10:15 pm
Once the full and final has been accepted, your IVA is completed pending your completion letter (which can take up to six months) but I doubt CF would chase you for anything. You would not have to tell them if you had a new job.
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

Jellybeans

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Post by Jellybeans » Thu Feb 04, 2021 11:46 am
Just received confirmation from CF my full and final offer has been accepted by my creditors which is a great relief and weight off my shoulders. I can now start to focus on my health and mental wellbeing and look forward to doing things that I couldn't before with my children.

CF wont get the funds til April as I'm.working a 3 month notice period so redundancy wont be paid til April which they are aware of and have all supporting letters from.my employers.

Thank you to everyone who has commented and support thos forum. I wont be coming off just yet as I will update on when I will receive my completion certificate and when they remove their registered interest from.the property register.

kallis3

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Post by kallis3 » Thu Feb 04, 2021 12:13 pm
Brilliant news jellybean - really pleased for you. Stick around anyway and your advice could be invaluable to other posters.
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

Foggy

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Post by Foggy » Thu Feb 04, 2021 12:26 pm
Great news .
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Jellybeans

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Post by Jellybeans » Fri Oct 15, 2021 10:24 pm
Good evening

I just wanted to share with you I have finally received my Completion certificate on 13th Oct. ( My offer was accepted in April 21 so it's taken 6 months) .

The delay was with Credit Fix (CF) was due to an over payment of Tax credit with HMRC in 2014/2015 a joint debt but they had also included my ex husband debt on there which I challenged and had it removed. I had to intervene and get in touch with HMRC because (CF) took ages in sorting out so I had sent a written complaint.

I now have written confirmation from HMRC I owe £0 debt and have a final report from CF confirming the HMRC debt is settled.

Cf have advised that I need to write to the credit agencies. They have listed 3 credit agencies but said I only need to write to one of them. Is that correct?

Also what do I need to include in the letter? Is it tbe final report and Certificate of Completion what am I asking then to do ? Is there a template letter that someone can help me with as I'm not sure what I need to say in the letter.

Thank you for the help guidance and support.

Foggy

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Post by Foggy » Sat Oct 16, 2021 7:07 am
Well done on finally getting that formal completion done and dusted.

I don't know about writing to creditors --- when my IVA was finished ( 2014 ) it was all pretty much automatic and, as far as I am aware, hasn't changed. Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record

Even if it were the case that you should contact the agencies yourself, you would need to contact all three individually.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Jellybeans

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Post by Jellybeans » Sat Oct 16, 2021 7:33 am
Thank Foggy for the advice and posting the link which I will have a good read later.

Thanks again for the advice and support shown on here.

kallis3

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Post by kallis3 » Sat Oct 16, 2021 7:42 am
So glad you have come to the end. I've never known anyone having to contact creditors/credit agency themselves. Mine was done automatically by Payplan. Be interesting to see if any other people who have completed with CF recently to find out what they had to do.
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

Jellybeans

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Joined: Thu Dec 31, 2020 2:24 am

Post by Jellybeans » Sat Oct 16, 2021 7:57 am
I wanted to make sure what they were paying off was correct. I felt their closure team didnt know what the were doing I had to provide them details where to write to? And who to contact and contact numbers.

The front end team at creditfix have been brilliant.

Glad its over.

Good luck to all of you who have entered into an iva or mid way or almost at the end... there is light at the end of the tunnel, it may not seem it at the moment but you will all get there.
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