How long does it take to receive a completion statement after a Full and FInal has been paid ?

[softie]

Hi please can you advise once a full and final settlement is agreed and paid across how long does it take to finalise the IVA and receive a completion statement? There is a CCJ on my credit file dated the month before the IVA started, does this still come under the full and final and will be finished?

[Niobe]

Hi,

It varies from company to company so could take some time. Was the CCJ included in your IVA?

[softie]

Yes the CCJ was with MBNA and was included in the IVA

[Michael Peoples]

The certificate should follow swiftly although the IP must allow 28 days from the date of the variation meeting before the file can be closed.

[shammy]

Swiftly? Not the 9+ months that I've been waiting for and still no sign of it then ?!!!

[Michael Peoples]

It may depend on how your IP interprets a full and final settlement. In our opinion once agreed as 'full and final' then PPI,VAT etc are irrelevant and the file can be shut down. Your own IP may hold a different view which could explain the delay.