IVA COMPLETED AND GUESS WHAT!
Posted: Thu May 18, 2017 12:12 pm
Hi Guys
I have a little story to tell
Well I made my last payment on May 1st 2017
BUT
Was told due to redundancy payment made to me in January "Yes" I was made redundant so close to me completing my IVA, I decided to start my own business.
Well the business was ticking over making a small profit every week with zero investment, just wasn't matching my old salary close tho!
After the final report was generated I owed £2,000
Was not happy, but after looking at the report I could see why the settlement was due - Basically If I had sat on my arse and done nothing just used up all the redundancy on living expenses I wouldn't of had to pay anything back BUT as I had been proactive and started my business you got penalised..
Well I now have the completed certificate in my hand BUT also have a refund of £5900 deposited back in to my bank for an over payment !!!!!!!!!!!!!!!!!!!!!!!
Yes that is correct £5900!!
Apparently back in 2015 all my debts were challenged and one of the creditors were adjusting claims due to refunds and didn't respond back within the agreed time therefore the debt was removed from the agreement and has been written off!!!!!!
Cant believe it
So now just start to clear the credit score up - any advise please on that
And the final thing my business has TAKEN OFF and I am so busy - looking like being made redundant was the best thing that could of happened
I have a little story to tell
Well I made my last payment on May 1st 2017
BUT
Was told due to redundancy payment made to me in January "Yes" I was made redundant so close to me completing my IVA, I decided to start my own business.
Well the business was ticking over making a small profit every week with zero investment, just wasn't matching my old salary close tho!
After the final report was generated I owed £2,000
Was not happy, but after looking at the report I could see why the settlement was due - Basically If I had sat on my arse and done nothing just used up all the redundancy on living expenses I wouldn't of had to pay anything back BUT as I had been proactive and started my business you got penalised..
Well I now have the completed certificate in my hand BUT also have a refund of £5900 deposited back in to my bank for an over payment !!!!!!!!!!!!!!!!!!!!!!!
Yes that is correct £5900!!
Apparently back in 2015 all my debts were challenged and one of the creditors were adjusting claims due to refunds and didn't respond back within the agreed time therefore the debt was removed from the agreement and has been written off!!!!!!
Cant believe it
So now just start to clear the credit score up - any advise please on that
And the final thing my business has TAKEN OFF and I am so busy - looking like being made redundant was the best thing that could of happened