I am in an IVA and i proposed a final settlement figure and it was accepted.I only know it has been accepted via telephone conversation with my IVA company.I told them to send me a letter of acceptance before i put the money into there account to repay my creditors just as evidence.I know i have 30 days after acceptance date to repay this money and they keep phoning and asking my partner because i am not around at the moment.I must admit i have the money in my bank but what i dont want is to hand over this money without any proof and then they take my money and i have to continue to pay my iva.
Please advice on what do
It sounds as if there is a lack of trust between yourself an your IP - and if this is the case ask them to send you the details in writing. I assume that they have sent you a copy of the Chairman's Report confirming the outcome of the meeting?
A Chairman's report should be available after the date of the meeting to confirm it was accepted. When our's was accepted I took the decision to go on the word of the telephone adviser that it had been accepted and trotted off to the bank the same day to pay it across - this way I knew I could cancel my monthly standing order and the money each month was then all ours ...
I would ring again and ask for a email to be sent to you confirming the F&F was accepted.
Make sure though that your determination doesn't cause an issue with the 30 day ruling - remember unless you pay for a CHAPS payment it will take several days to reach their account so it needs to be transferred in plenty of time.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
