Get expert opinion. This is the place for new questions to be posted.
super_salmon
Posts: 6 Joined: Thu Nov 14, 2013 1:44 pm
Location: United Kingdom
I am due to make my last payment into my IVA next month (hooray) and have been advised by my IP to reduce my final payment by £104 as I've overpaid. I don't understand... how can you overpay into an IVA? Thanks peeps.
Michael Peoples
Industry Expert
Posts: 15189 Joined: Mon Nov 03, 2008 12:36 pm
Location:
Contact
Perhaps your debts have been cleared in full or there was a miscalculation in an overtime payment for example. Good for your IP to spot this and well done for finishing the IVA.
super_salmon
Posts: 6 Joined: Thu Nov 14, 2013 1:44 pm
Location: United Kingdom
Thanks Michael... I'm so excited about making that final payment [:)]
Struzzo39
Posts: 1820 Joined: Sun Jan 24, 2010 5:56 pm
Location: United Kingdom
woo hoo well done you
Steven & Debbie
MelanieGiles
Industry Expert
Posts: 47612 Joined: Tue Jan 09, 2007 10:42 am
Location:
Contact
Maybe your IP took a payment in advance which you had forgotten about, and did not cancel your standing order at the right time?
Regards, Melanie Giles, Insolvency Practitioner
luluj
Forum Expert
Posts: 11333 Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Great news on making the final payment .... the end is in sight !
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Look at my blog "All I wanted was a baby"
Radish
Posts: 445 Joined: Sat Sep 15, 2012 2:19 pm
Location: United Kingdom
Bottle of Champagne with some of the £104 I would suggest. Well done on completing
IVA complete March 2014 after 6 years.
welshwiz
Posts: 531 Joined: Sat Dec 29, 2012 4:13 pm
Location:
Well done enjoy your debt free future