How can Creditfix justify the additional £11,000 just because we want to settle

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vicky625
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by vicky625 » Fri Jul 13, 2018 6:16 pm
Foggy wrote:
vicky625 wrote:
Foggy wrote:
If you sell the house they will take an amount to cover the full original debt, plus fees and statutory interest (around £27.5k) less the £6k already paid, so around £21.5 k.

This is pretty much standard practice. There is, however, a possible work around. If you do not NEED to sell the house, you can OFFER to sell it for the sole purpose of funding a full and final offer. The terms of the offer are that you will not sell unless the offer is accepted. This way you can base the offer on what they would have been getting over the next few years. If you have a 5 year IVA that would be 24 more payments plus 12 for equity release --- so 36 X 180 = £6480


Hi Foggy

Is it wise to approach the creditors individually to offer settlement fees seeing as Creditfix are having 'paperwork issues'? :?:


As Merlin points out -- you are not allowed to contact creditors directly.


Thank you Foggy, sit and wait then... :? :roll:
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vicky625
Posts: 9
by vicky625 » Fri Jul 13, 2018 6:18 pm
MerlinL14 wrote:
vicky625 wrote:
redboxtree wrote:
Need to point out that Creditfix has suspended all full and final offers until they can sort out "paperwork" issues - this is probably not the best time to do anything that involves them.


Is it wise to approach the creditors individually to offer settlement fees seeing as Creditfix are having 'paperwork issues'? :?:

No! you are technically not allowed to enter into talks of payment with your creditors, you could be held in breach if you attempt to talk directly with them.


Thank you Merlin - much appreciated! :lol:
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