I will hopefully make my 60th and final IVA payment in December.
I understand that due to the ongoing palaver regarding PPI reclaims it may be some time before I receive my completion certificate.
Am I right in thinking that once I have made my final payment and my IP has confirmed this, that I am no longer bound by the terms of the agreement and I can go back to living a "normal" life again whether or not I have received my completion certificate?
"If you think it's expensive to hire a professional to do the job, wait until you hire an amateur."
It depends upon who your IP is! Many, if not most regard your obligations as over, save for PPI, once that last payment is made. However, there are a few who will hold you to the windfall clause -- I don't think any are concerned about income and expenditure -- but if you win the lottery or Great Aunt Martha dies leaving you her fortune, some will still want it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Seems to depend on who your iva is with. We received our certificate 14days after making our F&F payment. We were with Freeman Jones. Good luck hope you don't have to wait too long.
Your documents should tell you what happens in the time between final payment and cc being received. My understanding is you remain in your iva terms until the cc is received, however some companies do not look at things after final payment has been made ..but they could as you still owe the full original debt until the certificate is printed and your credit files are updated.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !