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Posted: Mon Apr 14, 2008 8:40 pm
by debtfreesusie67
If and when an IVA has been accepted, when does the first payment normally occur.

Sue[:)]

Posted: Mon Apr 14, 2008 8:42 pm
by rollercoasterride
My first payment was taken on the day of the acceptance, over the telephone with my debit card. My 2nd payment is due tomorrow!!![:D] 2 down 58 to go!

Posted: Mon Apr 14, 2008 8:43 pm
by MelanieGiles
Hi Sue

It is my personal preference to get the first payment in advance of the creditors meeting, at the time clients sign their proposals, and the following payments are therefore made on a monthly basis thereafter. Other IPs may have different policies.

Posted: Mon Apr 14, 2008 8:44 pm
by debtfreesusie67
Thanks Melanie

Sue

Posted: Mon Apr 14, 2008 9:13 pm
by pm5
My first payment had to come out within one month following the IVA being accepted, but as Melanie said other IP's are different.

Posted: Mon Apr 14, 2008 10:00 pm
by angela18
My first payment went as a cheque to Melanie when I signed and forwarded our proposal

Posted: Tue Apr 15, 2008 2:35 pm
by debbiw
My first payment was the day my IVA was accepted. I had to pay over the phone by debit card, then monthly by standing order after that x

Posted: Tue Apr 15, 2008 2:37 pm
by debtfreesusie67
Thanks everyone

Sue