If you are facing message posting problem, please clear your browser cache and cookies. For further assistance and any login problem, please contact us here: https://www.iva.co.uk/contact

IVA COMPLETED AND GUESS WHAT!

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
User avatar
spazzbecker
Posts: 20
Joined: Fri Jan 20, 2012 7:06 am
by spazzbecker » Thu May 18, 2017 12:12 pm
Hi Guys
I have a little story to tell :shock:

Well I made my last payment on May 1st 2017
BUT
Was told due to redundancy payment made to me in January "Yes" I was made redundant so close to me completing my IVA, I decided to start my own business.
Well the business was ticking over making a small profit every week with zero investment, just wasn't matching my old salary close tho!

After the final report was generated I owed £2,000
Was not happy, but after looking at the report I could see why the settlement was due - Basically If I had sat on my arse and done nothing just used up all the redundancy on living expenses I wouldn't of had to pay anything back BUT as I had been proactive and started my business you got penalised..

Well I now have the completed certificate in my hand BUT also have a refund of £5900 deposited back in to my bank for an over payment !!!!!!!!!!!!!!!!!!!!!!! :shock: :shock: :shock: :shock: :shock: :shock: :shock:
Yes that is correct £5900!!
Apparently back in 2015 all my debts were challenged and one of the creditors were adjusting claims due to refunds and didn't respond back within the agreed time therefore the debt was removed from the agreement and has been written off!!!!!!

Cant believe it :lol:

So now just start to clear the credit score up - any advise please on that

And the final thing my business has TAKEN OFF and I am so busy - looking like being made redundant was the best thing that could of happened :D
User avatar
Lisa Thomas
Industry Expert
Posts: 5543
Joined: Wed Dec 03, 2014 10:26 am
by Lisa Thomas » Thu May 18, 2017 12:22 pm
Great news and a fantastic bonus too!

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

https://www.youtube.com/watch?v=PV4RzUY4BRM

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

https://www.noddle.co.uk/
https://www.clearscore.com/

Best of luck for a debt free future.
User avatar
kallis3
Forum Expert
Posts: 71163
Joined: Mon Mar 17, 2008 4:02 pm
by kallis3 » Thu May 18, 2017 1:03 pm
Brilliant news and I hope the business continues to grow.
User avatar
Foggy
Forum Expert
Posts: 22375
Joined: Fri Dec 17, 2010 11:14 am
by Foggy » Thu May 18, 2017 2:56 pm
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 5 guests