My IVA started in 2012 and was for six years. It was for 28000 I have paid back this amount. I am now being asked for £12000 in fees for my IVA company. They have appointed a company to get me a loan but this has ridiculous interest rates meaning my debt will cost me around 60000.
My IVA has dropped off my credit file now.
Please help I don’t know what is happening. I complained to my Iva company in February but have had no answers?
What’s going on
IWe cannot tell you what is going on as we do not know what has happened.
Normally any debts and costs unpaid at the end of the term will be written off so it does not make sense that the IP's would be asking you for extra funds at the end unless there are extra assets available.
It sounds to me like perhaps you have enough assets to pay the creditors, interest and fees off in full settlement but I am unsure.