Thanks BOL, i'll google it now.

Can't wait to finish but tbh its flown by, wish i had started it 6mnths earlier now!

Hi all, I've completed my 5yr payments and I am 6mnths in on the additional 12mnths but my IP says my monthly contributions will not meet the final figure. I asked if i could claim the ppi from these and use that to offset the oustanding amount and was told not to bother and pay more monthly. Also h...

Hi Cherryl,what is the reason why you are unable to pay now, redundancy?

Like the above comments, they would be stupid to fail you now and may accept it as final. All depends on the reason why you cant pay.

good luck

maybe i got lucky conditions, my arrangement states 60mnths

In addition to above, this was based on my contract, details below but i suggest you read through yours thoroughly: Liabilities: 60mnth payments of £285 50% of any net income during the course of the arrangement. The dividend paid from this arrangement will be the full and final settlement of credit...

FYi, I have finished my 60mnth payments and my IP has said they cannot include any further windfalls as the IVA contract has finished. Please note, i'm no expert in IVA or Law but this is a legally binding contract which has been fulfilled, therefore would not stand up in court, hence my response ab...

Just an update, the DD is only active for the 60mnths, any further payments for the extra money has to be set up seperately. I also checked that whilst this money is owed, are the IVA conditions still active i.e 50% rule, which they replied NO as the IVA contract is set for 60mnths only! and so all ...

I'd take it to court because I agree its not fair if you've kept to your side of the bargain and its an admin error on their side.

Could be a big loop hole for the creditors to exploit!.

Some good news, they will consider any major purchases from when i moved into my rented house i.e fridge, cooker etc and try and reduce the amount!

Havent checked the DD with them yet, i'll ring them now.

Thanks for the help, brilliant website!

One thing i forgot to mention is the dividend has never changed from £0.47p and i just also noticed my monthly direct debit has stopped? Do i need to make further arrangements to pay this extra money?

Sorry to be a pain!

Thank you for your quick response, i've not had any problems as such, it's just a little shock after 5yrs of payments to find you still owe a huge sum. I was just looking for clarity as it felt like "smoke & mirrors" by them not declaring the extra money on the annual report. Wish i had held back, t...

Hello, i am looking for some advise on my IVA. I started to earn a lot more money 6mnths after i started my IVA, so the 50% clause comes into effect and i have been paying a little extra a month to cover this(totalling £2.5k) but after my last monthly IVA payment [:D], i was told i still owe over £7...