I am in an IVA and I have been continuing to pay my monthly car payment which was taken account of in my IVA. The last payment was last month, but I forgot that there was an extra £95 on top of the usual monthly amount. I was paying by standing order and hadn't amended the payment. When the finance company contacted me and told me, I paid the £95 right away, although this was a week or two after the last payment date. When I checked my credit report it now shows a late payment, even though the usual monthly payment was recieved on the correct day, it was just the surplus that was late due to my error. Is there anything I can do to repair this, or does it matter with my IVA still having 3 years to run?
You can ask the company if they will remove the late payments as you are up to date, but it really won't matter in the overall scheme of things as you have three years to go.
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
If the payment was late it was late unfortunately. You could ask them nicely to amend it but they are not obliged to do so. You credit rating wont be too badly affected by it compared to the impact the iva is having so no real worries.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
