www.iva.co.uk

Had my IVA for 5 years now , the other day I emailed them to ask them how many payments have I got left as I wanted to pay the lot off ( Thanks Mum) They replied that I can pay over the phone or on line however I must call the number below first because paying my IVA off may not be possible?


So I paid most of it off leaving £120 left to pay but what I want to know is why cat you pay what you want, why cant I pay it all off?

My next payment is due 1st Feb its £264 shall I just pay the £120 now and cancel my DD or wait another 8 days for them to respond to my email.


They take forever to answer emails

Thanks

Why do you say you have £120 to pay it off when the next payment is more ?

Well I paid in £1200 there is now £120 left to pay because I got cared when they emailed me telling me I might not be able to pay it off so I just left £120 to pay

scared not cared

Usually you have to have a variation meeting so that the creditors can accept this amount.

Which company are you with?

kallis3 wrote:

Usually you have to have a variation meeting so that the creditors can accept this amount.

Which company are you with?

Aperture Kallis

I still don't understand what has happened here. It sounds like you have made payments in advance, rather than a full and final offer. They wouldn't be ale to close the IVA early on that basis, without a variation meeting.

I had 5 payments left. my mum gave me the money to end it so I no longer have to pay it monthly.


I have not made a any offers I have just over paid them this month and have only £120 left to pay, why do I feel like I have done something really weird?


Have I commited some kind of IVA sin by paying a chunk off my IVA 5 months early?

Hi Dusty -- you haven't committed a "big IVA sin" -- it is just that the term of the IVA has been agreed at the outset. That term can only be varied by calling a meeting of the creditors. Which didn't happen.
You have to check with Aperture that they are treating the money you paid as "payment in advance". There is a danger that they have simply taken it as extra payment on top of the remaining payments due, rather than instead of.

Duh!! Silly me!!

I sent them an email saying I want to pay the rest of my IVA off then they replied with how to do it, I then sent another saying how much is left and the reply I got wiith that told me then said that it may not be possible.lol


Sorry but what difference does it make if I paid that sum in ? why would they have to hold a meeting to tell me I can pay it off? Surely if I cant pay it all off like that my email I got forst would have said no you cant pay it off?


What shall I do now then? I have paid it now cant take it back lol

It's just that doing that isn't stricly in line with your agreement -- which is a contract and cannot be ended early without all parties agreement.

ok but I sent them an email saying

I want to pay the rest of my IVA off around the 10th Jan can you tell me how I do this


The reply I got was telling me how to do this



I then emailed back asking how much I had left to pay


another person now emailed back saying what I had left to pay then said that I need to ring customer services as I may not be able to do that


I paid it any way as it was never clear to me why I could not pay money into my own IVA


So have I just lost £1200 because I will just cancel my DD pay the last 120 off and run for the hills

The last thing you need to do is pay this off and then not be around again - until you get a completion letter your IVA will show on your records for a long time and there is always a possibility that you could be made bankrupt (slim but not impossible)

Speak to someone higher up at Aperture - preferable the IP and tell them what has happened.

Im sitting here crying now

Bankrupt? How can I go bankrupt when I have paid my iva off

what do youmean tell them what has happened. What have I done wrong? have I lost my money? they have it now I cant get it back I thought I was doing the right thing paying a lump sum, if I had done overtime to this amount I would have paid that in so what is the difference?