am i tied into my IVA for a period of time?

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nic_1

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Post by nic_1 » Tue Jun 03, 2008 10:25 pm
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Hi i have recently completed a full and final payment IVA in May. This was done by releasing equity on my property. I am now considering moving house and would have approx 15k to use as deposit on next property would i be able to do this or am i tied into my IVA for a period of time?
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kallis3

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Post by kallis3 » Tue Jun 03, 2008 11:28 pm
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If you have completed a full and final, then your IVA should now be completed and a certificate of completion on its way to you.
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
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nic_1

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Post by nic_1 » Wed Jun 04, 2008 6:36 am
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Hi I have received that thanks but was just wondering if i would have to declare anything to IVA company things like moving house incase they wanted extra money within a cerrtain time frame.
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plasticdaft

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Post by plasticdaft » Wed Jun 04, 2008 8:31 am
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No extra chasing you for money after a full and final has been agreed and paid. If you win the lottery tonight its all yours!!(minus my cut)
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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ianmillington

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Post by ianmillington » Wed Jun 04, 2008 8:59 am
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Once you have received your completion certificate (or whatever else it is called as different IPs call it different things) then you have no further obligations under the arrangement as they have come to an end.

So don't worry about it but remember that even though you have done the early F&F your credit rating will still show the IVA until 6 years have passed from its approval.

Ian
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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