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Posted: Sun Dec 16, 2007 10:17 am
by caraf
Hi. If my iva is approved on the 27th December, when would I make my first payment.
I ideally would like my payments to come from the bank on or around the 10th of each month.
Posted: Sun Dec 16, 2007 10:22 am
by OPTIMIST12
Can't speak for others - but I was told that my first payment had to be made within 30 days of my Creditors Meeting. I actually sent it off by cheque the very next day as I wanted to get started asap!!! The sooner you start - the sooner you finish!! I am sure you would not have a problem waiting til the 10th. caraf.
Posted: Sun Dec 16, 2007 10:36 am
by caraf
so if my first payment was to be 10th feb would that be ok do you think. as not really time to set so up for the 10th jan
Posted: Sun Dec 16, 2007 10:44 am
by OPTIMIST12
Hi caraf -
I would definitely check that with your I.P. / IVA Company first. I think they will probably say they will need a payment before February (no harm in asking though!!!!). Could you not send them a cheque like I did - it gets you into the swing of paying straight away. My Standing Order took a couple of months to set up and I had no problem sending cheques.
Good Luck!!!