Full and final - what are my chances?

Get expert opinion. This is the place for new questions to be posted.
9 posts Page 1 of 1
Chloexx123
Posts: 10
by Chloexx123 » Sun Dec 03, 2017 7:50 pm
Hi guys -
Just made an offer to CreditFix to put forward my full and final payment offer.
I have 48 months left on my IVA which I calculated as 48 x £123.00 = £5904.00.

I have offered £6,200 as my mother kindly offered this amount to pay it off.

What do you think my chances are of it being accepted? Is there a certain percentage of chance?!

Credit fix have been quick and amazing for everything and have arranged the meeting for the 19th of this month.

Fingers crossed until then!!

Thank you in advance kind people!
User avatar
Foggy
Forum Expert
Posts: 24524
Contact
by Foggy » Sun Dec 03, 2017 8:12 pm
That is a very generous offer and will most likely get accepted. You are saving them 4 years of admin costs as well as getting them the money they are expecting ( actually more) 4 years earlier ! I would have ventured a lower offer would have been acceptable -- but of course -- the higher the more attractive.

Had I been making the offer I would have gone in with, say, £5,000
Chloexx123
Posts: 10
by Chloexx123 » Sun Dec 03, 2017 9:34 pm
Foggy wrote:
That is a very generous offer and will most likely get accepted. You are saving them 4 years of admin costs as well as getting them the money they are expecting ( actually more) 4 years earlier ! I would have ventured a lower offer would have been acceptable -- but of course -- the higher the more attractive.

Had I been making the offer I would have gone in with, say, £5,000



Thank you Foggy! That’s given me a great confidence boost! Just want this all to be over now.
User avatar
Lisa Thomas
Industry Expert
Posts: 6120
Contact
by Lisa Thomas » Mon Dec 04, 2017 9:40 am
You have offered more than was necessary for some reason so should be attractive that creditors will snap it up
User avatar
kallis3
Forum Expert
Posts: 72258
Contact
by kallis3 » Mon Dec 04, 2017 9:45 am
Good luck Chloe!!
User avatar
harrysmummy78
Posts: 420
by harrysmummy78 » Tue Dec 05, 2017 8:54 am
Sounds like a great offer, CF were fantastic dealing with my F&F offer in July this year, I had 6 payments left to make of £210 + a 12 month extension for equity so £3780.00 outstanding and my offer of £1380.00 was accepted by all creditors. I received my CC really quickly and our names fell off the register exactly 3 months later. Good Luck with your offer :)
Chloexx123
Posts: 10
by Chloexx123 » Tue Dec 19, 2017 4:22 pm
harrysmummy78 wrote:
Sounds like a great offer, CF were fantastic dealing with my F&F offer in July this year, I had 6 payments left to make of £210 + a 12 month extension for equity so £3780.00 outstanding and my offer of £1380.00 was accepted by all creditors. I received my CC really quickly and our names fell off the register exactly 3 months later. Good Luck with your offer :)


Ahhh amazing! Congratulations. Thank you for replying. My creditors meeting was this morning but haven’t heard anything yet!
How long did it take for them to tell you if your offer was accepted or not?
User avatar
Foggy
Forum Expert
Posts: 24524
Contact
by Foggy » Tue Dec 19, 2017 4:28 pm
Chloexx123 wrote:
harrysmummy78 wrote:
Sounds like a great offer, CF were fantastic dealing with my F&F offer in July this year, I had 6 payments left to make of £210 + a 12 month extension for equity so £3780.00 outstanding and my offer of £1380.00 was accepted by all creditors. I received my CC really quickly and our names fell off the register exactly 3 months later. Good Luck with your offer :)


Ahhh amazing! Congratulations. Thank you for replying. My creditors meeting was this morning but haven’t heard anything yet!
How long did it take for them to tell you if your offer was accepted or not?



CF's biggest failing is communication -- I would chase them!
User avatar
kallis3
Forum Expert
Posts: 72258
Contact
by kallis3 » Tue Dec 19, 2017 4:45 pm
Hope you've heard by now.
9 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: Dawny17 and 21 guests