Fri Apr 01, 2022 1:44 pmFoggy wrote:
CF do tend to push for the full amount of remaining payments. They did, at one time, also ask for the variation meeting fees of £300 on top, but no-one has mentioned this happening of late.
It is not my place to recommend an amount for, what is, after all, your offer, nor, indeed, it is CF's. However, the higher the better, really. As I have said before: I have seen low offers accepted as well as high offers refused -- it is truly in the lap of the gods / creditors.
Thanks again for you help. We just wanted to hash out our sums to see if this makes sense to you.
We've looked at our original IVA proposal as suggested.
Original total debt : £22,456
Original payment plan : 60 months totally £17,082 (3 months of a higher payment then 57 months of £277)
We have since paid more a month than that due to pay increases (but now pay decreasing is the reason for us doing this f&f)
We have paid in total to date: £11,249
So technically according to the original agreement we have £5833 left to pay.
If we offer slightly more than that is our maths sound i.e. do credits look at this the way we do and go off the original IVA proposal amount?