When will I make my first IVA payment

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stu513

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Joined: Mon Jul 16, 2018 9:26 am

Post by stu513 » Mon Jul 16, 2018 9:26 am
How after my IVA is approved will may first payment go out (I am using Vanguard Insovency)

Mpbmpb

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Joined: Mon May 14, 2018 8:59 am

Post by Mpbmpb » Mon Jul 16, 2018 9:35 am
I made mine a few days after my Iva was approved- it fell near a pay day for me .

Foggy

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Post by Foggy » Mon Jul 16, 2018 9:36 am
stu513 wrote:
How after my IVA is approved will may first payment go out (I am using Vanguard Insovency)
Some firms like to have the first payment in hand so that, if the proposal is accepted, payments can start right away. Most firms will just want the first payment within 28 days of the meeting, allowing you to pick a convenient time for the payment to go out relative to your income going in. The best people to ask would be those at your chosen firm.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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