What happens next?

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emma691

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Post by emma691 » Wed Aug 21, 2019 9:16 pm
Hello,
I’ve had an IVA with freeman jones since August 2013. Few complications towards the end, with somehow owing a little extra and not knowing for months done the line, so we have 2 more final payments now which will end the 1st Nov. Can you tell me what happens next in regards to receiving my completion certificate? Do we have to send more payslips etc? Or is it pretty straight forward?
Thanks

kallis3

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Post by kallis3 » Wed Aug 21, 2019 9:19 pm
You may have a final review but hopefully your completion will follow soon after.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

luluj

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Post by luluj » Thu Aug 22, 2019 12:42 am
Well.done for getting to this stage - frustrating its another couple of months, but you are there!

A final review will be done to ensure everything is in order for the final year, particularly in regards to income and any bonus payments etc. Once done, your IP will issue your certificate - normally within 3-6 months of last payment, sometimes slot quicker.

The iva remains on file until 6th anniversary of start date, and any defaults on your credit report should then start to drop off.

Good luck and be sure to treat yourselves come December when your money becomes yours again.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"

Foggy

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Post by Foggy » Thu Aug 22, 2019 8:26 am
This little glitch that you have dealt with should be the last of it now and completion should follow shortly.

Well done ... not long now :-)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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emma691

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Post by emma691 » Thu Aug 22, 2019 10:03 am
Hi
Thank you all for the comments.
So you think it may take a few months after our last payment 1st Nov? I just want the completion certificate, you all know what it’s like. Six years is a long time, so will be happy when it’s all over with.
August 2013 we started, so will be six years be over and things will start to drop off my credit file, or will it be an extra year after my last payment?
Freeman Jones have only ever asked for payslips. So will this be the case at the end? Or will they do everything? Will we have to send bank statements? Never had to before. Just eager to get it finalised.
:)

emma691

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Post by emma691 » Thu Aug 22, 2019 10:10 am
Thu Aug 22, 2019 12:42 amluluj wrote:
Well.done for getting to this stage - frustrating its another couple of months, but you are there!

A final review will be done to ensure everything is in order for the final year, particularly in regards to income and any bonus payments etc. Once done, your IP will issue your certificate - normally within 3-6 months of last payment, sometimes slot quicker.

The iva remains on file until 6th anniversary of start date, and any defaults on your credit report should then start to drop off.

Good luck and be sure to treat yourselves come December when your money becomes yours again.
Hi Lulu,

Sorry i’ve just noticed yours and i have asked similar questions again.
Just eager to get complete, get our certificate and move on.
It will be such a weight lifted after the last 6 years.
We’ve always sent our payslips so open and honest about wages so that shouldn’t be a problem. Just a little concerned they want bank statements as we’ve paid the odd bit of money in for the children, which has been given to us. Will they check bank statements at the end?

Freeman Jones

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Post by Freeman Jones » Thu Aug 22, 2019 2:14 pm
Hi Emma691,

Thanks for the post - you really are nearly at the end!

It's great that you are up to date with your payslips, as not having them all is a common reason for us not being able to complete an IVA quickly. Once you've made your final payment we will tidy up the final bits of admin that we need to do, such as checking that there aren't any outstanding modifications, and then send the final report to your creditors and the Completion Certificate to you. Providing all goes smoothly this usually only takes a few weeks.

Once you have you Completion Certificate it usually takes up to three month for the Insolvency Service to take you details off the register.

I hope this helps,


Ian
A member of the team at Freeman Jones - www.freemanjones.co.uk

emma691

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Post by emma691 » Thu Aug 22, 2019 6:36 pm
Thank you so much for replying and putting my mind to rest. Great to know it shouldn’t take so long to complete after our last payment. Do you suggest we ring after the final payment?

luluj

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Post by luluj » Thu Aug 22, 2019 11:25 pm
I would ring and ensure you get the name of the person you speak with who confirms last payment received, then sit back and wait. Fingers crossed it will be as they say a matter of a few weeks.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"

Allywally

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Post by Allywally » Fri Aug 23, 2019 6:51 am
Hi

I was with Freeman Jones and have to say my completion went without a hitch and they were very helpful with any queries I had. Brilliant team. Good luck.

emma691

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Post by emma691 » Fri Aug 23, 2019 2:07 pm
Ok thanks everyone and I’ll update you in November 😁👍 :D

emma691

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Post by emma691 » Fri Aug 23, 2019 3:25 pm
Hello again,

Sorry I have more questions relating to he end of my IVA.
We currently pay a high interest mortgage is around 5.9%. Will we be able to change our mortgage? If so when do you think?

kallis3

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Post by kallis3 » Fri Aug 23, 2019 3:41 pm
Have a word with either Ryan or Shaun, our mortgage experts on here and see if they can help.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

emma691

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Post by emma691 » Fri Aug 23, 2019 7:20 pm
Sorry I’m new to this, how do I speak to them?
Thanks

kallis3

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Post by kallis3 » Sat Aug 24, 2019 9:15 am
If you look under IVA experts you will find their details under there.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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