Get expert opinion. This is the place for new questions to be posted.
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Tony.cb
- Posts: 27
- Joined: Fri Apr 06, 2012 10:23 pm
IS there a maximum term for an IVA? ALL those waiting for a completion certificate - should we not have a final/maximum length/ date ??
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plasticdaft
Forum Expert
- Posts: 9562
- Joined: Wed May 21, 2008 12:45 pm
- Location: United Kingdom
No there isnt. Pity that.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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luluj
Forum Expert
- Posts: 11333
- Joined: Sun Dec 09, 2007 6:54 am
- Location: United Kingdom
Welcome to the forum Tony. An IVA normally lasts for 5 years, or 6 years if equity involved and cannot be released. Occasionally IVAs last a little longer to account for missed payments etc.
Unfortunately the period waiting for your completion certificate is somewhat varied from provider to provider and everyone's circumstances are so different it is very difficult to a timescale on this. I believe the average time is 8 weeks, although I do know that some people are waiting a considerable lot longer due to the PPI issue amongst other reasons.
Your IP is the best person to continually discuss this with as there may be specific reasons for the delay pertinent to your case.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
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geordie123
- Posts: 170
- Joined: Mon Jul 30, 2012 10:40 pm
- Location:
8 weeks !!! I wish. Make that 25 months and that's my wait. Still waiting thanks to GT and the dreaded PPI
