Hi Thomas - unfortunately if the creditor did not calculate their interest correctly and the amount inially claimed was signed off in the IVA then they cannot retrospectively make an additional claim from you and I am surprised your IVA company has advised you to make arrangements outside of your IVA. If your IVA is due to finish this year I cannot see how these additional claims are being made now and your IP is not fighting them.
This should not cost you any more than has been agreed you will pay and you most definitely should not be left still having to repay a creditor after an IVA has finished. Go back to your IP to challenge this and let us know how you get on.
Hopefully one of the IPs on here will also see this thread and make their comments too.
Regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
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Get on the phone to your iva company and find out why this company seems to have upped its claim !! Dont arrange anything outwith your iva. As for creditors not claiming dont fret about it as it doesnt make any difference to you, but may mean a higher return for creditors who could be bothered claiming!!
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
If you can prove that this payment has gone out - your bank statement should show that - then you should be ok.
Keep pressing your IP. What company are you with?
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As Tina mentioned if it was agreed its too bad, they cant just adjust the amounts to suit them, your IP should be more supportive this is what you are paying fees for.
Creditors have the right to revise their claims at any time during an IVA if they have made a genuine error, but they are not allowed to charge interest after the date of the creditors meeting so get your IP to confirm exactly what these extra charges are for.
There seem to be a lot of posts about this particular topic at present, and I cannot understand why claims are not being agreed at a much earlier juncture in these cases.
