www.iva.co.uk

Hi all,

I've been a regular reader of this excellent forum but have not posted as I have luckily never had need to.

I have a few months to go in an IVA with a big company, Payplan, and would like to know what happens next, if possible. The company have been great throughout but they dont have much information on the final stages on their website.

Has anyone out there recently completed with Payplan? If so, could you briefly tell me what happens when you reach the stage around where you make your final payment? What's the next move? Is that when its then passed to the closure people? Do you have to send them any documents? How do you find out if all your crditors have made their claims - I have read that this can slow things up pretty badly?

I understand that I'll probably have to wait for the certificate due to the VAT and PPI things but is there anything to do in the interim? When I last spoke to Payplan ages ago, when I was doing a review cos I couldn't raise equity, they kind of gave me the impression that it just petered out once you made the last payment and you waited around until they sent you the certificate, but I can't imagine that it's so simple! Great if it is though lol!

Any advice or opinions gratefully received.

Cheers,

Ian [:D]

Firstly welcome to the forum....glad you have found it a useful tool during your IVA. Great news that you are approaching the end of your debt journey ...almost debt free! Great feeling ...your IP will want to complete their final review and ensure closure takes place for you ... There maybe the PPI issue to overcome ..if so go withit so it doesn't hold up proceedings any longer than necessary.

Thanks very much luluj. Do you know if the final review is a regualr I&E like the others or is it just about additional payments and so on if there are any? An I&E, as someone else posted on a different thread, doesnt seem to make much sense at the close of it all, but may be that's what they do. My case worker told me ages ago, at the time of my 5th review that there wouldn't be another one. Any ideas on the creditor claims? Some people get delays for that, I know. As for PPI I have done everything they asked but don't know the outcome yet.

Were you part of the recent Mass Variation proposed by Payplan Ian? If so, this covered the issues surrounding ability to close cases, so with a good wind you should be getting your completion certificate within two months of your final anniversary.

Your final review should really just focus on checking whether you have properly accounted for all uplift payments and confirming whether you have received any windfalls during the past year.

Hi Melanie, Yes I was contacted about that meeting and notified of the result, so I guess it did apply to me. Wow, I hope it turns out as swiminngly as you are suggesting! That's what I assumed as far as the review was concerned, but, as I have gathered from what I have read on here, each firm seems to have a different process with different requirements.

I haven't heard too many PPI complaints about Payplan to be honest. They were quick off the mark with the Mass Variation, and we are definately seeing Payplan clients on the forum confirming that their closures are happening - so fingers crossed all will be smooth for you when your time comes.

Thank you very much. That's encouraging to hear about Payplan and PPI.