www.iva.co.uk

Hi
Completed an IVA in August 2013, i have received a couple of ppi refunds which have gone to Payplan who have distributed the amount to creditors and 8% to my self, i called them the other day and asked what did i still owe from the 24k debt to my surprise i had payed £500 more, i was informed that i still owe interest on this, i was not aware that interest is charged? i thought it was frozen?, i asked my case officer what is being charged and what do i still owe he was unable to answer this,

As far as I am aware all interest on loans etc which are claimed within the IVA are and should be frozen

If you pay all of the debt withing the IVA they then add 8% statutory interest. Some arrangements exclude this and there have been a fair few variations accepted to get this removed.

There will also be fees on top of the original debt.