Will my creditors accept a final offer?

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fishface

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Post by fishface » Sat Nov 09, 2019 10:25 pm
Hi. I am 5 years and 4 months into my IVA with only 8 more payments of £85 per month to go with a total of £673 in that time. I want to end my IVA even sooner. My mother has said she will give me £1500 to make a final offer to my creditors to finish it now. I want to ask my supervisor to contact them. Do you think my creditors will accept this offer?
Thanks

Frank

kallis3

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Post by kallis3 » Sat Nov 09, 2019 10:53 pm
To be honest, by the time you send off a full and final, your IVA will have been finished anyway. I would not bother.
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

Foggy

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Post by Foggy » Sun Nov 10, 2019 10:15 am
It takes around three months to arrange a F&F and will gain you nothing as well as costing you more. Why the need to save 4 or 5 months ?
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
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