Hi I completed the IVA in March 2013 with Kingsgate by final proposal but have only just received the completion certificate exactly a yr after completion and that was after I put a formal complaint in. The certificate is dated 6/03/2014 though and not 14/03/2013 does this matter? The separate report does say it was completed back on 14/03/2013. Should the certificate say 2013 or 2014 or does it really not matter? I know it will be on our credit file for 6 yrs which ends august 2015 , do I need to send credit agencies a copy of the certificate in the meantime or will they update themselves? Which credit agencies do I send to if need updating, thanks
Excellent thank you, just want to say a massive thank you to everyone that has helped me on here too, you have been a real support , especially as 12 months ago we thought we were facing bankruptcy and ended up completed our IVA instead. There is light at the end of the tunnel[:)][:)]
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Rickne
When you make one of these end early deals is it effectivly offering a tad more than the creditors would of got to judt let it run term?
Not usually Rickne. The offers are what would have been paid under the terms of the IVA, i.e. what the creditors signed up for.
Often, in certain circumstances, they will accept less. If, for instance, illness causes loss of job, or circumstances change so that the IVA is no longer viable.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Would you like your money in dribs and drabs for next x years/months (and it could fall if circumstances change)
or
Would you like it all now (but if debtor gets a disposable income increase, you don't get it)
The latter is popular with the banks, as it reduces there risk and costs(it will cost a small amount to keep the account active and apply the payments), and gets them the money quicker
