Last 3 payments

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D A S

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Post by D A S » Thu Jan 12, 2012 6:20 pm
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Hello
Believe it or not I have just found this site today and i wish i found it earlier.
I am just coming up to my last 3 payments and would like a little advice myself.
After making my final payment is it 6 years latter that my credit reports are clear or is it 6 years from the start of my IVA.
Many thanks in advance.
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kallis3

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Post by kallis3 » Thu Jan 12, 2012 6:31 pm
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Hi and welcome and well done for being at the end.

It is six years from the date of IVA acceptance that it will drop off.

You will need to check with all three credit agencies to make sure that none of your creditors have registered any defaults after the date of IVA acceptance. If so then you need to contact them once you have your completion letter and tell them to remove those defaults.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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olydak

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Post by olydak » Thu Jan 12, 2012 6:35 pm
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Hello D A S and welcome to the forum,

Congratulations on nearly completing your iva, it is 6 years from when you started your iva that they will be clear.

Regards David.
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plasticdaft

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Post by plasticdaft » Thu Jan 12, 2012 6:38 pm
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Well done on getting so far without our great help!!!

As Jan says its 6 years from the date your IVA started. Get copies of your files really whenever you want to see whats on there,you may find incorrect default dates etc,any issues just ask us and if we dont know,we will find out.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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D A S

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Post by D A S » Thu Jan 12, 2012 6:46 pm
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I must say this seems to be the place for helpful advice and i will keep you up to date over the next few months.
Thanks again.
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MerlinL14

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Post by MerlinL14 » Thu Jan 12, 2012 7:51 pm
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Welcome and congrats on getting this far DAS.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
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Wigwam

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Post by Wigwam » Fri Jan 13, 2012 1:55 am
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Well done
Write what happens for your last 3 months and which company as lots are interested in what happens at the end of the Iva and what information they ask for
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kallis3

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Post by kallis3 » Fri Jan 13, 2012 6:29 am
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Check with your IP as well to make sure what the date of the last payment is.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Tina Shortland

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Post by Tina Shortland » Fri Jan 13, 2012 10:47 am
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Glad you found us DAS, its never too late and congrats on nearly being at the end of your IVA.

I look forward to hearing how it all wraps up for you over the next few months.

Best wishes,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.

If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at www.debtadvicetv.com

If you’re ready to ask us for specific advice or help, then get in touch at www.call-me.debtadvicetv.com so you can start to free yourself from the stress and anxiety of overwhelming debt.
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D A S

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Post by D A S » Sun Jan 29, 2012 7:04 pm
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Just a bit of an update.
I contacted my Iva manager over the last couple of days to confirm when my last payment will be and was told that because i had asked for a Variation about three years ago the only way the creditors would agree was to extend it until December of this year.
Has any one else had a similar event happen to them ?
This is a was a suprise to me although the end is still very much in sight.
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Shining

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Post by Shining » Sun Jan 29, 2012 7:07 pm
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Oh that's a bit of a blow but you have the end in sight. Not sure about this but one of our other posters may be able to advise. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Foggy

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Post by Foggy » Sun Jan 29, 2012 7:07 pm
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This should not have come as a surprise as you should have been asked to agree to this variation at the time.

What was the variation ? Might I also ask who you are with ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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D A S

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Post by D A S » Sun Jan 29, 2012 7:11 pm
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It started with Synergi and then changed to Cleardebt.
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plasticdaft

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Post by plasticdaft » Sun Jan 29, 2012 7:12 pm
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Its very late in the day to be getting told that you have to run until december. I assume the variation was to allow a reduction in your contributions?

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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D A S

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Post by D A S » Sun Jan 29, 2012 7:21 pm
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My monthly payments were set to high in the first place and after 2 years struggle they asked for 50% of my extra earnings which were being used to make my monthly payments.
I therefor got a variation which reduced my payments by about 50% and also wrote off the extra earnings that would have been paid into the scheme.
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