End of IVA

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Neil.dw
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by Neil.dw » Tue Jan 08, 2019 10:07 am
Morning

So I've paid my last IVA payment on the 25th December, My IVA was for 6 years and all up to date.

I've sent all my paperwork back for my final review.

Do I now sit and wait and hopefully get my certificate within 6 months.

I was with aperture (Ex debt free direct customer) and have heard some bad stories via this forum.

Many thanks
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Lisa Thomas
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by Lisa Thomas » Tue Jan 08, 2019 10:28 am
You might like to ask your IP to confirm your final payment has been made and it's in order to stop making payments, if they haven't advised you of this already.

Keep the pressure on them to close the case quickly as 6 months is the maximum endstop and is not really necessary.
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kallis3
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by kallis3 » Tue Jan 08, 2019 10:30 am
Hi,

Well done on finishing. You do just have to wait now. Hopefully it won't be too long.
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Ryan
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by Ryan » Tue Jan 08, 2019 10:31 am
That's great news Neil.

As Lisa says it's worth contacting them regularly to make sure the Completion Certificate is issued asap so that you are removed from the Insolvency Register at the earliest opportunity.

Regards
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Neil.dw
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by Neil.dw » Tue Jan 08, 2019 10:45 am
Thanks for your responses.

I spoke to aperture a few months ago who confirmed that December would be the last payment month, also use the client portal which again shows N/A for next payment date.
stanley2018
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by stanley2018 » Tue Jan 08, 2019 11:28 am
Hi, I was with Aperture and my CC took 18 weeks, then another 3 months to come off the insolvency register.
Yours may be quicker but potentially you could be looking at up to 9 months from your last payment to coming of the register.
Unbelievable I know but some people wait longer. My advice would be, wait 3 months then ring your IP for an update. .
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Foggy
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by Foggy » Tue Jan 08, 2019 11:44 am
I agree with the above --- give it a couple of months then start chasing them with vigour. There have been brief flashes of indications that they are speeding up -- but previous experience tells that these flashes never ignite !

But, hey, you have made that last payment. This month your money is all yours :-)
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Neil.dw
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by Neil.dw » Tue Jan 08, 2019 12:49 pm
Also I use some credit score apps and noticed this over the last five weeks my credit score has basically the worse its ever been, is this due to the company's not being paid by the IP?
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kallis3
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by kallis3 » Tue Jan 08, 2019 1:00 pm
It will all be done in the end and your credit score will start to rebuild.
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Foggy
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by Foggy » Tue Jan 08, 2019 2:42 pm
Neil.dw wrote:
Also I use some credit score apps and noticed this over the last five weeks my credit score has basically the worse its ever been, is this due to the company's not being paid by the IP?


Your credit score means nothing until such time as the end of the IVA filters through when it will go up and then, when the IVA comes off the files at 6 years it will improve dramatically, as long as the defaults all come off too (which should happen if they have been correctly dated. Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record
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Neil.dw
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by Neil.dw » Tue Jan 08, 2019 4:27 pm
Foggy wrote:
Neil.dw wrote:
Also I use some credit score apps and noticed this over the last five weeks my credit score has basically the worse its ever been, is this due to the company's not being paid by the IP?


Your credit score means nothing until such time as the end of the IVA filters through when it will go up and then, when the IVA comes off the files at 6 years it will improve dramatically, as long as the defaults all come off too (which should happen if they have been correctly dated. Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record



Seeing as my IVA run for 6 years (just over 6 years due to some missed payments over the course of IVA) will the IVA come off the files as soon as the certificate is issued?
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Foggy
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by Foggy » Tue Jan 08, 2019 4:37 pm
Not quite -- it has to wait until you come off the Insolvency Register ( three months after the certificate has been issued ) and then the internal delays due to their processes ( a few weeks possibly)
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Lisa Thomas
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by Lisa Thomas » Wed Jan 09, 2019 9:27 am
You might find this quick video I made about cleaning up your credit record useful:

https://youtu.be/PV4RzUY4BRM
Noddle, Clearscore and Totally Money are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/
https://www.totallymoney.com/
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