F&F offer through credit card?

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by S.C.Taylor1989 » Fri Aug 18, 2017 4:32 pm
I am only 7 months into my IVA but my mum has offered to help my pay it off. I currently have £11,540 outstanding, do you think an offer of £10,000 would be enough?
Also she is thinking of putting it on her credit card, is this allowed?
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by Foggy » Fri Aug 18, 2017 5:07 pm
Where she gets the funds (legally ! ) is her business and, as far as the creditors know, how she pays it back is her business. I would think that the proposed figure would be looked at favourably, when you factor in the savings in administration both creditors and IP are going to make over the next few years, as well as the "bird in the hand" factor.
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by luluj » Sat Aug 19, 2017 8:26 am
I agree with foggy although my mum had to demonstrate that in paying our iva for us did not put her into financial hardship
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