My final payment was 1st June 2018, I need to move and rent a property as I have been living with my daughter to enable me to complete the five year IVA I am now 62 I do not have any other assets, I need to take an amount out of my pension to do this, but have not received any confirmation on completion from my IVA company who were recently taken over (I have contacted them on 3 occasions )- can I do this or will this be classed as a windfall, and if so when would I be able to do this safety
sue605 wrote:My final payment was 1st June 2018, I need to move and rent a property as I have been living with my daughter to enable me to complete the five year IVA I am now 62 I do not have any other assets, I need to take an amount out of my pension to do this, but have not received any confirmation on completion from my IVA company who were recently taken over (I have contacted them on 3 occasions )- can I do this or will this be classed as a windfall, and if so when would I be able to do this safety
I would advise you to defer any drawdown until you have that completion certificate, if at all possible. Until then there is a real possibility of you losing it as a windfall.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I agree with the other posters, cashing in now may put the funds in jeopardy of being snaffled by your IP. Pester them for your CC and as suggested make a formal complaint to your IP.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk