Why is it that we keep getting statements from our creditors saying we haven't paid anything ?

[carole4941]

why is it that we keep getting statements from our creditors saying we have not paid anything ? we are 4 years into our IVA with simple debt solutions I keep wondering if what we are paying is getting swallowed up with their fees/commission

[wa1shy]

Hi Carole, I know how you feel. I also have an agreement through SDS and I still get regular statements saying I have missed my latest payment.

I did call SDS and they said it is normal for this to happen, they didn't say why though and when I asked I got the feeling I was being fobbed off but I suppose we will see what will happen at the endof the 5 years

[luluj]

Your annual review report should show what has been paid to creditors ... Our creditors used to receive two payments a year which were reported on the annual report.

Soeak to your IP and ask them to provide you with a breakdown of what has been paid for so far.

Some creditors maintain the original debt on paperwork until the end of the IVA so it may be that reason.