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Posted: Sun Apr 24, 2011 3:53 pm
by marie
i usually make my iva payments on the 10th of every month,but this month i didnt relise that the 10th was a sunday until it was too late to change it,therefore my payment went out of the bank on the monday 11th does this mean i have defaulted ??????
Posted: Sun Apr 24, 2011 3:56 pm
by kallis3
Hi Marie,
Shouldn't make a difference at all. Our payments don't always come out on the first of the month when they should. As long as they are received in a few days there will be no problem - you won't have defaulted.
Posted: Sun Apr 24, 2011 4:04 pm
by marie
thanx Kallis3 i havent posted for a long while , its always nice to know that you can always come back for advice. My 4th review is due in june,and i was a little worried....roll on june 2012!
Posted: Sun Apr 24, 2011 4:06 pm
by kallis3
You'll be fine - my payment always says that it is in arrears until the payment is received in their account. Not long to go now!
Posted: Sun Apr 24, 2011 4:08 pm
by MRBLUESKY
Relax marie you would have to do a lot worse than that to default.
Posted: Sun Apr 24, 2011 4:09 pm
by Shining
Hi Marie, as others have said you'll be fine, I'm actually in arrears due to a boiler problem (new one) but working out a way with my IP to get these sorted once my annual review is completed satisfactorily. Not long for you now, hope it all goes smooth for you x
Posted: Sun Apr 24, 2011 4:19 pm
by kallis3
Agree Lesley - she will not be in default just because the date is slightly different. One of those things.
Posted: Sun Apr 24, 2011 5:57 pm
by Adam Davies
Hi Marie
You have nothing to worry about
Regards
Posted: Sun Apr 24, 2011 6:05 pm
by marie
Greatstuff...........thanx everyone ! x
Posted: Sun Apr 24, 2011 6:05 pm
by TheMatrix
You will be fine, there will be times if you pay by standing order that the payment date falls on a Saturday (or even a Bank Holiday Friday), if you then have a bank holiday on the Monday that payment wont come out until the Tuesday.
Nothing at all to worry about, and you will be back to normal the following month anyway.
Posted: Sun Apr 24, 2011 6:11 pm
by marie
thanks matrix ! n congrats to you on your completion....must be great....this time next year that will nearly be me...cant wait
Posted: Sun Apr 24, 2011 6:15 pm
by TheMatrix
Keep counting down Marie, you'll get there in the end.
