I have made a total of 10 payments and not missed once. I have been offered money by my step father to pay this debt off as my employment contract is due to end shortly. I am going to a F&F settlement offer. How much should I offer? And in your opinion should I have ever been advised to take out an IVA on such a small amount?
Anyway -- the creditors are expecting a further £5015 to be paid and, my feeling is, that due to the low payment levels you would not have much room to reduce this further, considering that most of your payments will be eaten up in fees and the creditors are getting very little. I would suggest an offer of £4,500 -- £5,000.
I agree with foggy that a figure around the 4500-5000 will be needed to make an offer to end via a f&f.
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