annual review

[ilikewatch]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by headbanger


Random question here. I said I would help a friend at work find an iva company for them to go to but not sure who to recommend with not being PJG anymore

I would recommend your friend to speak to several different companies of different types/sizes and see which she feels would suit her best (and indeed whether an IVA is the best option!)

Some people prefer a smaller company where contact is more personal, others prefer to deal with a much larger organisation with a "one size fits all" approach.

Personally I'm with one of the larger companies, and though my IVA hasn't been without a few problems, I certainly prefer the relative anonymity of speaking to a generic "caseworker" rather than someone who knows my personal situation inside-out.

[Anders]

After reading various posts around Annual Reviews, I'm thinking I've had it easy. I'm with Payplan and my 2 annual reviews so far have consisted of a quick (ish) and pain free phone call from Payplan to update my I&E. Due to the minimal changes, my monthly payment has stayed the same. All I have had to send them is my P60 and most recent 3 payslips. I don't understand why some companies ask for bank statements and others don't. I was expecting it to be a uniformed process but I'm learning by the minute every time I read this forum that it is not! Anyway, my experience of Payplan has been very good, they tend to leave you alone to just get on with it, as long as you make your monthly payments, which I have. I'm in year 3 of my IVA but was in a debt management plan with Payplan for approx 8 years beforehand. Do you normally have a final review at year 5? (i.e. what happens once you've made the 60th payment? I don't own a house so no equity. Do you need to supply payslips and P60 for the final year? Assuming so.) Thanks everyone for a great and very helpful forum

[ilikewatch]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Anders

Do you normally have a final review at year 5? (i.e. what happens once you've made the 60th payment? I don't own a house so no equity. Do you need to supply payslips and P60 for the final year? Assuming so.) Thanks everyone for a great and very helpful forum

I've recently made my last payment to payplan and am now awaiting completion.

My "final review" consisted of my case officer asking if anything had changed since my last review, and as it hadn't she said I didn't need to do anything else.

During my IVA I have supplied all payslips on a quarterly basis, and a copy of my P60 when I receive it each April/May. I guess as you have been supplying a sample of payslips and a P60 at each annual review that they might well want the same at the end of your arrangement.