Hi could anyone help with the following please.
I'm self employed, was with Melanie Giles but with CF now and my Iva is in its 60th month in March 2016.
Do I just stop paying post 60th payment?
Do I need to contact anyone or do anything to speed the process of completion along ?
Will I have a final review post 60th payment or is my last review March this year 2015 ?
Thank you as always for your wealth of Knowledge.... SBS #128515;
Last edited by stepbystep on Wed Feb 11, 2015 5:23 pm, edited 1 time in total.
I would suggest, unless CF advise otherwise, that you stop ( assuming no arrears are envisaged and no equity has to be looked into)but hold onto the money -- on the basis that if they ask for more, you have it in hand, but if you overpay it is very arduous getting anything back !
The process of completion is down to the expertise of the firm. Early signs are that CF complete fairly quickly, again assuming stuff like equity and PPI have been dealt with.
There will be a final review in March 2016, but these are more to make sure nothing has been missed in overtime and the like during the final 12 months, rather than ongoing income and expenditure.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Thanks for that Foggy, I'm dreaming about what I will do with my 500.00 a month. This situation makes you so frugal I'm mostly looking forward to seeing a savings account grow
Last edited by stepbystep on Wed Feb 11, 2015 5:25 pm, edited 1 time in total.
ooh just one more thing...... I took it upon myself to apply for PPI knowing anything I got would go into the pot and It did. The money was paid directly to MG.
Do you know if that will have to be done again at the end ?
Last edited by stepbystep on Wed Feb 11, 2015 5:23 pm, edited 1 time in total.
That is a sticky one .... many companies have been accepting client investigations, but increasingly they are wanting to get their own done. Not any reflection on the client, but the banks have been a little cagey if paying the full amounts due and claims companies tend to be more robust. They also seem to have access to historical records us mortals do not.
From my impressions of CF they will want to look themselves, but only they can confirm that.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
