Potential F+F Settlement

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Hitman68

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Post by Hitman68 » Sat Jul 03, 2021 12:14 pm
Hi there,

I currently have 2 years remaining on my IVA which equates to £16,800 left to pay out of £42,000.
My contributions are £700.00 per month. IVA is with McCambridge Duffy

My employment changed under Covid as I am sure many other did and I take home much less money than before. I did not receive any redundancy pay.

My parents want me to get out of debt and are prepared to offer me £13,000 as a full and final settlement.
Do you think this would be accepted ? Is it too high or too low ?

Regards and thanks for your time

Foggy

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Post by Foggy » Sat Jul 03, 2021 12:53 pm
I think that it is a reasonable offer if you factor in the fact that, due to a lowered income, the expected £16,800 might be reduced at review.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

luluj

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Location: United Kingdom

Post by luluj » Sun Jul 04, 2021 5:57 am
It's a strong offer in my opinion and one I would hope would be accepted - let us know how you get on.
Sharing from experiences of dealing with debt

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

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