Dear all.
I have finally completed my IVA after 6 gruelling years. Last payment 28th July, completion certificate today!!
I don't know if there are any reps from Freeman Jones on this forum (my IVA provider), but I would just like to publicly state how fantastic they have been. The communication has been excellent, their RMs are so friendly and approachable and knowledgable and they have really been a pleasure to work with. I can recommend them unreservedly.
Can I also thank everyone on this forum who have made my journey more bearable.
One question ... my car is on way out. Now I have my CC can I start looking for car credit as this is really now a necessity for me for work?
Well done on finishing - check your credit record to make sure it is off there and also it may still be on the Insolvency Service register as it can take up to 3 months to disappear. Be wary of making too many credit applications as it looks bad.
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
Congratulations and well done to Freeman Jones for such a speedy conclusion --- a lesson that it can be done.
As you were in your arrangement for 6 years things should start clearing relatively quickly now -- it would be best to wait until your files are clear and you are off the Register before applying for a car loan. Try to hang in there !
Have a read here about credit clean up and also have a look at my last blog entries about my experience (link in signature below):
Rob1712 wrote:Dear all.
I have finally completed my IVA after 6 gruelling years. Last payment 28th July, completion certificate today!!
I don't know if there are any reps from Freeman Jones on this forum (my IVA provider), but I would just like to publicly state how fantastic they have been. The communication has been excellent, their RMs are so friendly and approachable and knowledgable and they have really been a pleasure to work with. I can recommend them unreservedly.
Can I also thank everyone on this forum who have made my journey more bearable.
One question ... my car is on way out. Now I have my CC can I start looking for car credit as this is really now a necessity for me for work?
Hi rob, I am also with freeman jones and made my last payment last week. But today I have receieved a letter saying they have extended the agreement for 6 months to complete the administration of the agreement. Did you get one of these letters ?
Yes, I did. It's perfectly normal and gives them an appropriate time scale to complete, although my was very quick. I have nothing but praise for FJ. They have been brilliant. Hope you had a similar experience?
Rob1712 wrote:Yes, I did. It's perfectly normal and gives them an appropriate time scale to complete, although my was very quick. I have nothing but praise for FJ. They have been brilliant. Hope you had a similar experience?
Rob -- out of interest, did your proposal have the usual six months admin time already built in? Most proposals have an "arrangement duration " of 66 months (60 payments plus 6 months admin).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Rob1712 wrote:Yes, I did. It's perfectly normal and gives them an appropriate time scale to complete, although my was very quick. I have nothing but praise for FJ. They have been brilliant. Hope you had a similar experience?
Oh that puts my mind at rest now. Thank you. My iva has been very straight forward. Never missed a payment or had a payment break etc. Never had any problems. But I've been dreading this month for years. I had a 6 year iva and have always thought that something would go wrong and it would never end. So when my last payment went out on Tuesday I called them Wednesday to make sure everything was ok and make sure I didn't owe them anything else and when to expect the certificate... and then Saturday got that letter saying they were extending the agreement for 6 months I was in tears. I thought it meant I had to carry on paying for another 6 months and sending wageslips etc. The letter was only a couple of sentences and I didn't know what it meant. Thank god for this forum. How long was it before you got the certificate then after you got the extension notice letter ?
