Would a company carry out an annual review with just 2 payments to go on an IVA ???
Just not sure if we should offer a full and final as we have just had our latest review and have just 14 months to go??
Cheers
Last edited by Stuart.ds on Tue Apr 05, 2011 3:54 pm, edited 1 time in total.
You probably will have a review carried out before the end, it's just to make sure you've had no windfalls and that everything is ok.
Shouldn't be a problem. Is there any reason why you don't want this to happen?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
IVAs are usually finalized with a Annual review at the end, this is to check that overtime/bonus & windfalls have been paid across, pending on your proposal conditions. Also for any increases in Income & Expenditure to ensure your IVA payments were correct.
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
If someone can make a lump sum available on your behalf, offering to settle your IVA early is always a good option. Depending on your circumstances, you could well end up paying slightly less overall and once settled, any future increases in your income, bonuses or windfalls would be yours to keep. Worth bearing in mind if you still have 14 months to go.
You'll also have to get the person who is providing the money to say where it has come from and that it is only available for a full and final.
Have a word with your IP and see what they say.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
