IVA, property equity, annual finance and completion certificate

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by rich774 » Tue May 16, 2017 10:25 am
Hi my iva is coming to an end after nearly 6 years, 5 year iva and extended 12 months due to not being able to release equity in our property. I have one more payment to make but what happens when this payment has been done? Will i have to go through the whole annual financial thing again?? Or will i just be issued with a completion certificate? Thank you in advance.
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by Foggy » Tue May 16, 2017 10:31 am
Hi and Well Done !

There will be a final review -- but biased toward checking no income has been missed in this final year just gone --- expenses going forward are not really relevant ... so, probably payslips and bank statements still. Your IP willl you what they require ( they do differ).
Then await that certificate and have a read here:

http://www.iva.co.uk/what-does-an-iva-d ... dit-record
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Lisa Thomas
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by Lisa Thomas » Wed May 17, 2017 9:23 am
As Foggy says - one final review to make sure you haven't squirreled money away due to be paid in then they should issue your CC.

Some firms take up to 6 months (ridiculous!) to do this so keep pressure on them.

Then you can begin to move on.

You might find this quick video I made about cleaning up your credit record useful:


Noddle and Clearscore are also free credit agencies to consider using:

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by kallis3 » Wed May 17, 2017 9:30 am
Well done from me as well!
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