Default notice?

mother_hen_2

Just starting our 3rd year of IVA - hubby received a bonus last year that he didn't tell them about within the given time scale - we did pay it in but late - we have received a letter from the IP (CCCS ) thanking us for the additional sum but enclosing a 'default notification' advising as we had paid no further action.

Are there any implications for us over this? Does anyone understand what this means?

Thankyou

Foxy-Stoat_3

Prob just issuing the notice to cover themselves....if you default 3 times then its possible your IVA may fail.

If you keep paying on time in the future then you wont have anything to worry about, it may get a mention at the annual review but thats about it.

mother_hen_2

Thankyou Foxy-stoat I was hoping somebody would reply.

debtinfo

yep they are just putting a marker down to make any fuyure action easier

mother_hen_2

debtinfo wrote: »

yep they are just putting a marker down to make any fuyure action easier

What does that mean - to make sure future action is easier.. does that mean that they will close the account?

Foxy-Stoat_3

What i said earlier, if you defaulr a number of times then they can fail the iva.

I wouldnt worry about it unless you default again.

mother_hen_2

Ok thankyou once again I will ensure I do not default again..