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Posted: Tue Jul 23, 2013 8:41 pm
by 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
Posted: Tue Jul 23, 2013 10:05 pm
by 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
Posted: Wed Jul 24, 2013 7:31 am
by 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.