www.iva.co.uk

I settled my IVA early a couple of years ago and I noticed I have paid back more than I owed (101.93%) The 1.93% amounts to about £1200 ,
What’s happened to this overpayment?

You actually owe, during an IVA, the full original debt, plus fees and statutory interest ... NOT just the agreed payments. Only at the end is anything written off.

Did you look at the final receipts & payments account?

This will show you where the money went - the difference is probably in costs and/or interest.

I overpaid on mine and wouldn’t of known, found money that had been paid in to my account, when I checked it had come from the Iva company. I rung them to query it and was told it was not an error. Happy days