www.iva.co.uk

Dear all.
I have finally completed my IVA after 6 gruelling years. Last payment 28th July, completion certificate today!!
I don't know if there are any reps from Freeman Jones on this forum (my IVA provider), but I would just like to publicly state how fantastic they have been. The communication has been excellent, their RMs are so friendly and approachable and knowledgable and they have really been a pleasure to work with. I can recommend them unreservedly.
Can I also thank everyone on this forum who have made my journey more bearable.
One question ... my car is on way out. Now I have my CC can I start looking for car credit as this is really now a necessity for me for work?

Well done on finishing - check your credit record to make sure it is off there and also it may still be on the Insolvency Service register as it can take up to 3 months to disappear. Be wary of making too many credit applications as it looks bad.

Congratulations and well done to Freeman Jones for such a speedy conclusion --- a lesson that it can be done.

As you were in your arrangement for 6 years things should start clearing relatively quickly now -- it would be best to wait until your files are clear and you are off the Register before applying for a car loan. Try to hang in there !

Have a read here about credit clean up and also have a look at my last blog entries about my experience (link in signature below):

https://www.iva.co.uk/what-does-an-iva- ... dit-record

Congrats and good luck in your debt free future.

Great news and now you are free to move forwards. Like others have said don't overdo the credit applications as it won'y help your credit check

Rob1712 wrote:

Dear all.
I have finally completed my IVA after 6 gruelling years. Last payment 28th July, completion certificate today!!
I don't know if there are any reps from Freeman Jones on this forum (my IVA provider), but I would just like to publicly state how fantastic they have been. The communication has been excellent, their RMs are so friendly and approachable and knowledgable and they have really been a pleasure to work with. I can recommend them unreservedly.
Can I also thank everyone on this forum who have made my journey more bearable.
One question ... my car is on way out. Now I have my CC can I start looking for car credit as this is really now a necessity for me for work?

Hi rob, I am also with freeman jones and made my last payment last week. But today I have receieved a letter saying they have extended the agreement for 6 months to complete the administration of the agreement. Did you get one of these letters ?

Yes, I did. It's perfectly normal and gives them an appropriate time scale to complete, although my was very quick. I have nothing but praise for FJ. They have been brilliant. Hope you had a similar experience?

Rob1712 wrote:

Yes, I did. It's perfectly normal and gives them an appropriate time scale to complete, although my was very quick. I have nothing but praise for FJ. They have been brilliant. Hope you had a similar experience?

Rob -- out of interest, did your proposal have the usual six months admin time already built in? Most proposals have an "arrangement duration " of 66 months (60 payments plus 6 months admin).

Rob1712 wrote:

Yes, I did. It's perfectly normal and gives them an appropriate time scale to complete, although my was very quick. I have nothing but praise for FJ. They have been brilliant. Hope you had a similar experience?

Oh that puts my mind at rest now. Thank you. My iva has been very straight forward. Never missed a payment or had a payment break etc. Never had any problems. But I've been dreading this month for years. I had a 6 year iva and have always thought that something would go wrong and it would never end. So when my last payment went out on Tuesday I called them Wednesday to make sure everything was ok and make sure I didn't owe them anything else and when to expect the certificate... and then Saturday got that letter saying they were extending the agreement for 6 months I was in tears. I thought it meant I had to carry on paying for another 6 months and sending wageslips etc. The letter was only a couple of sentences and I didn't know what it meant. Thank god for this forum. How long was it before you got the certificate then after you got the extension notice letter ?