Is it correct that I don't have to do another annual review ?

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by Dawndc28 » Mon Apr 03, 2017 7:13 pm
good morning, i have 1 payment left to complete the 60 month IVA. following that payment a 12 month extension will apply in lieu of equity. the monthly payment for this has already been set and i will continue to pay £375 per month for a further 12 months . i haven't been asked to do another annual review - i am wondering if this is correct as i dont want to be in breach in any way but the instructions regarding the further 12 month payment is quite clear with no mention of review required .
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by Foggy » Mon Apr 03, 2017 7:23 pm
There will be a final review at the end of the extension and there should be one now, per the arrangements terms. It is possible that your IP has done a "rubber stamp" review, but I would be inclined to check to avoid surprises later on .... enquire by email or letter to get a paper trail.
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