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Posted: Sun Jun 02, 2013 12:42 am
by Tony.cb
IS there a maximum term for an IVA? ALL those waiting for a completion certificate - should we not have a final/maximum length/ date ??
Posted: Sun Jun 02, 2013 1:16 am
by plasticdaft
No there isnt. Pity that.
Paul
Posted: Sun Jun 02, 2013 5:33 am
by luluj
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.
Posted: Sun Jun 02, 2013 9:17 am
by geordie123
8 weeks !!! I wish. Make that 25 months and that's my wait. Still waiting thanks to GT and the dreaded PPI