www.iva.co.uk

Hi,

I'm 4 years, 5 months into my IVA with Creditfix and have 3 months of payments left of a debt of £30,285 (including fees). I've come to realise they aren't the best with communication after asking them what happens after I've settled the balance, but yet to receive a reply. I'll be paying back 100% of what I owe so could you explain what happens after I make the final payment please. Thanks

After your final payment (and check with CF that it is ok to stop your direct debit). They may want to do a final review to make sure everything is ok and nothing is owing. It can then take up to 6 months for a completion letter to be issued and until then you will still be bound by the IVA. Your monthly income will be yours as soon as your final payment is made.