our IVA is soon to finish, the last payment was meant to be 26th Sept but due to 2 months arrears caused by 2 missed payments earlier in the arrangement our last payment is 26th November.
We are surprised at how quiet our IP is at this time? We thought they would be writing to us etc, requesting paperwork etc but no, nothing! This is quite unnerving. We rang them about the missed payments and arrears they did not contact us.
Once we have paid these last couple of payments will that be it? Is it normal for IPs to be so quiet at the end of an IVA?
We are just so worried something will go wrong now we are so close to the end!
An IVA is a long hard road but valuable lessons have been learnt along the way. Now looking forward to enjoying a debt free future!
It does seem odd that you have not been told to cancel your standing order or for final bits of info requested. Send them an email asking for confirmation that the IVA payments will cease and advise them that is what you intend to do. Hopefully you will get your certificate soon enough afterwards.
I am going through the same right now Christabelle. Have sent a last I&E review etc 6 weeks ago. Last payment was 1st September and am awaiting decision about whether I am finished. I had to push for the final I&E paperwork to fill in though as I was anxious like you. I need to know this week so i can cancel my DD but been told decision is coming. Twitchy is the word...!
I have not long come off the phone to IP. They have confirmed that I dont have to send anything to them. They just said once payments are all received, Thats it!!??
I feel like I'm missing something?.
They did go on to say that it can take up to 6 months to close the account which I new about but they mo further payments would be required during this time.
has anyone else been in this situation at closure where they have not been required to send anything in?
An IVA is a long hard road but valuable lessons have been learnt along the way. Now looking forward to enjoying a debt free future!
Who are you with? I find it hard to believe they want nothing! You could have doubled your pay without telling them. Get it I writing that they want nothing but be prepared that they may ask later!
Me too relieved!.
I think I will do what Lesley suggests and try and get it in writing. I feel like we are being left in a limbo. I personally expected a lot more contact from IP during this time.
An IVA is a long hard road but valuable lessons have been learnt along the way. Now looking forward to enjoying a debt free future!
Wow. We have to submit our payslips every three months to payplan. So would that mean ours would just conclude after final payment ? Or is there a further review
Provided the wage slips are sent in monthly to your IP there is no need for a final review of income as this would have been dealt with during the final year.
