I have not written on this site very many times but throughout my IVA it has been an invaluable reference tool and i am sure it is the same for many others.
My final payment was taken by my IP today and i have cancelled my standing order as instructed. It felt amazing to think it is nearly all over. I have not had the greatest relationship with my IP as i feel they are rather unorganized and pretty slow at everything which leads to my question, obviously now i want my Certificate of Completion asap so i can finally believe its all over but on their website it says this can take up to 3 months! This seems a ridiculous amount of time and i cant wait that long! Its torture! How long should it really take?
Finally, just want to say for anyone who has just entered into an IVA or about to, it will be hard, but it will teach you the value of money for the rest of your life. I will never have another loan or credit card all i want now is a mortgage. I found my IVA particularly hard as about a year in i got a new job in sales which was largely commission based and as my income fluctuated i had to pay 50% of everything i earned over and above contribution based income. At first this deterred me from striving in my career as i thought whats the point when all the money gets taken off me but after getting over it i dealt with it and 4 years on and two promotions later i now earn very good money, have a very good career and am proud to say that i have paid off most of my debt myself. I am also looking forward to spending my next pay cheque!
Debt and dealing with it is a very dark time but you have to think positive and move forward and believe me after every storm a rainbow appears!
What a great feeling you must be experiencing suzie, a completed IVA, I long for the day. I agree it's a great tool to teach you a lot about money. I never plan to get myself in this mess again and have learn a lot too.
I hope your certificate is soon with you x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
This forum is certainly a great tool and a lifeline. As someone who was never in debt, I have learnt so much and will continue to do so.
Well done for continuing with your own personal development career wise! You can now reap the rewards and take huge pleasure in knowing you have cleared your debts and strived forward!! Well done!!
The timescale for the certificate of completion has been raised before. I don't understand why it takes so long.
As I said, a huge well done and I hope you stuck around to advise others xx
great post suzie,mostly mirrored what i feel,the banking and insolvency industry needs to get there act together, because your concerns relating timescales is a valid issue ,as is persistent harassment from creditors post iva completion, aswell as before and during.and the legal system should be monitoring the insolvency business more closely, so debtors who commit themselves to legal binding agreements get better ethical and diversity treatment from creditors who are also bound by the arrangements,but seem to have a free hand to treat people how they feel fit to.
Last edited by MRBLUESKY on Fri Apr 02, 2010 11:26 pm, edited 1 time in total.
Your completion certificate should not take too long to be produced, but there is no harm chasing your IP along as a gentle reminder if they appear to be a little slow.
Well done on completion of your IVA. I to will never have another loan or a credit card again it is true this really does teach you to respect money, good luck for the future.
My certificate of completion took 6 weeks. The IVA taught me a great lesson & after completing mine last June I still go shopping for bargains & spend wisely. I have treated myself to a few things, all paid for in cash, but I've been saving mostly towards a new car & now have a fair amount saved!
Enjoy being debt free & hope you don't have to wait too long for your completion certificate!
Just caught up with this - well done from me as well.
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
