www.iva.co.uk

Hi All
Have just checked my old bank account via online banking and have noticed that they have charged me interest and fee's after the date the IVA was excepted.
The bank is cahoot, my IVA was excepted on the 7th August 2007, the Flexi loan had an interest charge of £105.10 on the 25th August and my current account had interest and fees totaling £41 on the 23rd. It was my understanding that these charges should stop after the date the IVA was excepted.
I also checked my Egg cards and noticed they have charged me payment protection of £32.81 on 19th August, only on one card though!

It was my understanding that they had to stop all charges etc from the day the IVA was excepted is that correct?

Ta

In and IVA and looking forward to the future

Hi
The charges you refer to may be in relation to fees and interest charged upto the date of your IVA that have been debited post IVA.That is perfectly acceptable.
I would inform your IP regarding the Egg payment protection charge.
You are correct in that no new charges or interest should be charged on any unsecured debt post IVA agreement.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Your IP will deal with the agreement of creditor claims as part of his/her duties, but will not accept any charges levied after the date of the creditors meeting unless there is a contractual requirement to do so.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk