The total amount of dept is £31000 and they won’t even give me a rough price for a full and final
Full and final offers (It is important that you do not use the term "settlement") are based on the number of payments you have remaining multiplied by the current monthly amount. They are often reduced a little due to the fact that creditors will be making a saving on administration as well as the "bird in the hand" factor.
However -- as you have not started your IVA (have not had the creditors meeting), why not put a hold on it and approach your creditors directly with offers ? Or opt for a lump sum IVA ?
For info on a F&F IVA have a look here: https://www.iva.co.uk/full-and-final-iva
Who is onlineUsers browsing this forum: No registered users and 5 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location