ann230 wrote:We have been paying an iva for 6yrs, never missed a payment, an extra year extended because we have our own property...our last payment was due April just gone...about a month before our last payment would have been paid, we received a letter saying that they are keeping the arrangements the same for another 6months so that the supervisor can finalise his paperwork, the letter was about 2 sentences long....what I would like to know is , why have we received a letter telling us this , why havnt they spoken verbally with us to explain why and also how does it take 6months to finalise paperwork and shouldn't that paperwork already have been prepared months prior to our last payment in April. Thankyou.
A six month admin period is written into the agreement as standard. Depending on how smoothly the process goes it could only take a few weeks. To be honest you can feel honoured to have been informed at all --- most firms go very quiet around now, unless pressed.
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