Secured Loan as F&F payment

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Cupcake08

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Post by Cupcake08 » Fri Jun 15, 2018 11:32 pm
I am considering my options as I seeking more control and certainty over my finances. One possibility is a full and final offer which I am thinking of securing via a secured loan. Does anyone have any experience of this? I appreciate there are risks and cons with this and that such an arrangement may not be favoured by my IP or creditors. I am almost at the point where I think I would like to consult a neutral professional for formal advice but don't know who this could be? I have equity in a shared ownership property and calculate a F&F amount of £8k. I am 2 years into the IVA.

Foggy

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Post by Foggy » Sat Jun 16, 2018 8:30 am
Shaun Vickery of Select has access to products for this purpose and the experience of dealing with the IP's in these situations. He also posts on this forum and details can be found here:

memberlist.php?mode=viewprofile&u=22837

Ryan Radford, is also a broker who may have similar products available. Again he is a regular contributor and his details are here:

memberlist.php?mode=viewprofile&u=18488
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

Cupcake08

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Post by Cupcake08 » Sat Jun 16, 2018 8:34 am
Thank you Foggy for clear and swift reply. :D

kallis3

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Post by kallis3 » Sun Jun 24, 2018 4:40 pm
Speak to both and see if they can help.
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
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