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Posted: Fri Aug 10, 2012 10:47 am
by softie
Hi please can you advise once a full and final settlement is agreed and paid across how long does it take to finalise the IVA and receive a completion statement? There is a CCJ on my credit file dated the month before the IVA started, does this still come under the full and final and will be finished?
Posted: Fri Aug 10, 2012 11:16 am
by Niobe
Hi,
It varies from company to company so could take some time. Was the CCJ included in your IVA?
Posted: Fri Aug 10, 2012 11:22 am
by softie
Yes the CCJ was with MBNA and was included in the IVA
Posted: Fri Aug 10, 2012 12:10 pm
by Michael Peoples
The certificate should follow swiftly although the IP must allow 28 days from the date of the variation meeting before the file can be closed.
Posted: Fri Aug 10, 2012 12:29 pm
by shammy
Swiftly? Not the 9+ months that I've been waiting for and still no sign of it then ?!!!
Posted: Fri Aug 10, 2012 12:35 pm
by Michael Peoples
It may depend on how your IP interprets a full and final settlement. In our opinion once agreed as 'full and final' then PPI,VAT etc are irrelevant and the file can be shut down. Your own IP may hold a different view which could explain the delay.