Final settlement ?

23 posts Page 2 of 2

Foggy

User avatar
Forum Expert
Posts: 31555
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Jan 03, 2020 12:14 pm
Congratulations.

After you have made the lump sum payment the file will go to closures for them to dot the i's and cross the t's, before issuing you with the completion paperwork (final accounts and completion certificate -- which is just a paragraph on an A4 sheet of paper -- totally unremarkable, but so important). Have a read here: https://www.iva.co.uk/what-does-an-iva- ... dit-record
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Lisa Thomas

User avatar
Industry Expert
Posts: 7761
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Tue Jan 07, 2020 10:15 am
Great news, well done and thanks for updating us.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

Southuk

Posts: 10
Joined: Wed Nov 27, 2019 7:42 am

Post by Southuk » Fri Jan 24, 2020 2:40 pm
Very impressed. Already received the completion certificate (3 weeks after meeting)

Can you advice what I do now in terms of getting my credit file sorted

I’m aware will still be on my file the 6years from taken the iva our originally

Foggy

User avatar
Forum Expert
Posts: 31555
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri Jan 24, 2020 4:22 pm
Excellent ! Have a read of the article I provided the link to in my post above.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Gemmahubbold

Posts: 2
Joined: Tue Nov 17, 2020 7:09 pm

Post by Gemmahubbold » Tue Nov 17, 2020 7:24 pm
Did you have to submit anything else to credit fix after the final amount was paid? Just paid my full and final payment and just wondered what happens next?

Foggy

User avatar
Forum Expert
Posts: 31555
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Tue Nov 17, 2020 8:34 pm
They should carry out the usual final accounting and closing down of the IVA. They may do a final review of income during the final year, depending on the timing of your last review.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Gemmahubbold

Posts: 2
Joined: Tue Nov 17, 2020 7:09 pm

Post by Gemmahubbold » Thu Nov 19, 2020 5:49 pm
My last review was feb. I’m worried about them doing a final review as I’m currently furloughed so have no access to my wage slips as it’s a system at work and also I had to change my bank accounts due to payments failing all the time so that one is now closed so I don’t have bank statements. Just feels as though this will never be over.

Foggy

User avatar
Forum Expert
Posts: 31555
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Nov 19, 2020 6:01 pm
Creditfix are among the quickest when it comes to completion, so might be a bit more streamlined in that department (or less vigorous).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
23 posts Page 2 of 2
Return to “full and final settlements”