Hi Team, wondering what usually happens at the end of the IVA. NOW 3+ years into IVA

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Steve.x

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Post by Steve.x » Mon Oct 20, 2014 9:55 pm
HiTeam,

I am 3 1/2 years into my IVA, everything seems to running smoothly. I haven't had any contact with my IP except the anual report. I was just wondering what usually happens at the end of the IVA e.g. do I have to attend any meetings, provide any paperwork etc?

Thanks in anticipation.

Steve
 
 

Dougie

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Post by Dougie » Mon Oct 20, 2014 10:03 pm
House valuation in month 54 is the norm, if you have equity above 85% LTV you usually have to try and release the money or if that's not possible extend by another 12 months. Then PPI claims need to be investigated, after all that you should be done!!
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luluj

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Post by luluj » Mon Oct 20, 2014 10:12 pm
If you have an equity release clause then you need to be proactive in gaining and submitting the valuations ..don't wait to be asked for them ..be proactive.
Once all payments have been made confirm direct debit can be cancelled ....I would seek this in writing.
Tgen its a matter of waiting for completion certificate and your credit records to be cleaned up ...normally 6 years from default date or from start of iva
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