Final review letter just come in the post

[Traceym]

Hi All

So i have had my final review letter although i am slightly confused as i thought my iva finshed in Oct not April??? confused.com

It has not been without its struggles the hole hitting a snag and needing an extra few quid and used to able to grab a credit card n the last few years have been tough, with having an addition to the family, and recently splitting with partner although still living together he is due to move out mid september and am struggling to see how i am actually going to cope with all the bills myself?

has anyone else beene in a similar postion without paying the 300 pounds a month i would be fine sory we would be fine but i also have to cut my hours t work as i work shifts and not having anyone around to look after my daughter in the evening it is really starting to get to me.

Cheers

[plasticdaft]

Did you think Oct this year and the paperwork says April 2012? Its not unusual to have a last payment date and an end date several months after to allow any missed payments to be made up and to allow your IP to tie up any loose ends.

Paul

[Traceym]

no i thought i was meant to finish oct 2012??? but jst been looking through my paper work and although my iva was agreed oct 2006 i started paying july 2006 so when should it end??im a lil confused.?

[Shining]

Hi Tracey, it should be detailed how many payments in your proposal/chairmans report. 60 payments is usual, although this is sometimes 72 monthly payments. If equity is involved it can increase too. x

[Traceym]

I have jsy spoken with iva company and had a nice surprise i my schedule is due to finish April 2012 when i thought it was going to be Oct 2012 this means i only have 9 months left plus a couple extra due to a payment break but i am so happy and can definatly see the light, and plan on celebrating by taking my daughter to disnyland paris for her birthday in January 2013. whoop whoop.

[Shining]

Fab news Tracey and enjoy your trip to disneyland paris to celebrate your daughter's birthday. You're really on that downward spiral of payments now. x

[kallis3]

Excellent news - I'm sure the time will fly by.

[orange]

we paid our last paymnet 1st aug and were told ours ends in oct 2011

[Traceym]

so does that mean you'll get your certificate through soon before oct????

[orange]

who knows ? the IP not very helpful .seam unfair that they keep you waitng around all that time although not sure of the general time scales.Just pleased to be out of it and looking forward to our next pay day

[tonyranks]

doesnt really matter on speed because you still have another year for for info to drop off credit file, so gives you time...turn a negative into a positive, the real frustration is gone ..no more payments

[kallis3]

Tony - your IVA is not complete until you get that certificate so should you have a windfall before then, I believe you still have to pay it across.

[plasticdaft]

Correct Jan. Don't let your iva firm keep their claws in you indefinately! Hassle them for your completion certificate just in case great aunt matilda croaks and leaves you her millions or you lottery numbers come up!

Paul

[olydak]

Surely if you were lucky enough to come into money,(windfall) you would only pay up to what you originaly owed before getting the cc, or would it really be all of it?

Regards David.

[plasticdaft]

You would pay back all you originally owed plus fees and possibly statutory interest(8% I believe).

Hence the need to chase up your chosen firm for your completion certificate!

Paul