I decided to end my IVA early with a Sprout loan, this was for various reasons and I think it may work out in my favour. I heard back from my IP that the variation meeting was successful and creditors have accepted my offer of a lump sum as full and final settlement(!) Sprout Loans now need a copy of the chairman's report from the meeting before they will send the money to the IP - McCambridge Duffy. This was over a week ago, I have asked the IP several times when the report is due and all they've said is that it will be "a few days".
Obviously I'm just impatient to get the process moving, but I was wondering how long was reasonable to wait before I go back and prod them?
So, had a missed call and a message from Sprout today, assumed they were just chasing for the report and payment details, but no! Turns out Sprout went straight to McD and obtained a copy of the report (which had miraculously appeared) along with everything else they needed. All I need to do now is sign the documentation Sprout send over and its done
I must say, while I do understand it's all to their own benefit, I am seriously impressed with all my interactions with Sprout so far, they have been very easy to deal with. I was happy to play go-between for them and McD but they've taken care of all of it. I can only hope they're this good once the loan has started
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