IVA settled - overpaid?

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Tx1pete
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by Tx1pete » Wed Oct 10, 2018 12:35 pm
I settled my IVA early a couple of years ago and I noticed I have paid back more than I owed (101.93%) The 1.93% amounts to about £1200 ,
What’s happened to this overpayment?
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Foggy
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by Foggy » Wed Oct 10, 2018 12:41 pm
You actually owe, during an IVA, the full original debt, plus fees and statutory interest ... NOT just the agreed payments. Only at the end is anything written off.
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Lisa Thomas
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by Lisa Thomas » Wed Oct 10, 2018 1:34 pm
Did you look at the final receipts & payments account?

This will show you where the money went - the difference is probably in costs and/or interest.
Tashie08
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by Tashie08 » Wed Oct 10, 2018 8:06 pm
I overpaid on mine and wouldn’t of known, found money that had been paid in to my account, when I checked it had come from the Iva company. I rung them to query it and was told it was not an error. Happy days
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