www.iva.co.uk

I've just noticed that one of my creditors have been adding interest while in IVA.Is this right as I thought charges and interest are frozen?

Hi. No, they cannot add interest and this will not be admitted as part of their claim by your IP.

I assume you noticed this from an annual statement sent by the creditor.

BTW -- I tidied up the duplicate post for you

Tony, as Foggy says, no they cannot. Was it the annual statement from your creditor. If so, copy it, send it to your IP, and they will deal with it.

Thanks for your replies much appreciated. Yes I was looking through annual statements they have sent over past two years and interest added on. I will send copy to my IP. Thanks Foggy I'm still learning how to post things on sites

Our creditors continued to add interest but at the time of paying them our IP based payments on the submitted claim only. I think they continue to add interest in case the IVA fails and the debt becomes 'live' again in full and the debtor fully responsible.