Please help!! F&F settlement

amberstar12

Hi everyone I'm newbie here need some advice about F&F settlement with Dfd

I have an iva and the debt is £27,180 (over 60 month payments) I have already paid 36 payment of £453 per month.So far I have paid £15472 and the remaining balance is £11325,(a dividend of 42p in the pound).
The fact is have lost my job a month ago.I'm struggling to afford the payment. So my sister willing to help me out but is going to be only £6000. will this amount be enough for my creditor to accept as a final payment ???

milliemonster

You need to speak to your IP urgently, in the circumstances they may very well accept this amount if it looks unlikely you will be able to gain employment in the near future, the other option is to do a variation to reduce the IVA payment, but again, if you have little income this may not be feasible, speak to your IP and see what they say, you have nothing to lose