Just entered year 4 of my iva . Debt circa £26000 split between 4 credit cards and a storecard - The storecard had a balance of less than £ 350 and has shown a claim of zero on past 2 annual reports. I took this to mean their company had not made a claim however it has shown up again on this year 3 annual report ??? Is this either a mistake ? Or can they change their minds ? Or if neither and the company are not claiming this debt then where is that 350 going ??? I have no problem paying back what I owe but I would hate to think I paid it and they weren't claiming it - shall I bother enquiringly it's such a small amount Iva has gone so well so far I don't want any upset ??
I think they are entitled to make a claim, right up until the end of the IVA. I could be wrong. My understanding is, unless you are paying back 100% plus fees, in the event of no claim being made, they will split the £350 between the other creditors to give them a better dividend. Hope an expert will be along to clarify this for you.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
I don't think I would bother about it either - leave all the claims to your IP company to sort out.
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
