www.iva.co.uk

Hi

Just a little bit of advice needed. I contacted my IVA company as I wasn't able to make the full payment, and possibly can't next month.
The reason for this is that I was involved in a car accident where 2 cars crashed into the back of me. The driver at the back was liable but we are awaiting for this to be settled in court as would not admit.
I contacted my IP as we had car insurance renewal which put payments up by £80 per month, so they said would reduce IVA payment by £80 to cover, but the payment has went out at full amount.
What do I do now?

Hi,

You need to speak to your IP and explain what has happened - I don't know if they will refund any of the payment but do ask that they reduce next months payment.

Do you pay by direct debit or standing order?

Hi, contact your IP first thing tomorrow morning and hopefully they'll be able to return the £80 to your account.

Do you pay via SO or DD if it's SO you could have reduced the payent yourself.

Hope you're ok? x

Hi Moneysaver09. Welcome to the Forum. I hope that you weren't seriously injured in the accident. What a bummer that you now have to go to court. Talk to your IP asap to a) find out what happened re: the full payment going out b) how soon can it be credited back (if that's what you need) c)check whether further payments can be reduced in the short-term. I believe IP's can make reductions of up to 15% without calling a creditors meeting. Good luck with everything. X