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Paying fees on fees

edited 30 November -1 at 1:00AM in IVA & DRO
1 reply 839 views
Andy72Andy72 Forumite
1 posts
edited 30 November -1 at 1:00AM in IVA & DRO
I recently completed my iva in full after only one year because of a large inheritance payment. When my completion certificate arrived in the post there was a copy of the invoice and I was shocked to find that the supervisors fee was calculated on the entire realization including the iva companies fees so as I see it I am
paying a fee on the company's fees. Is this normal?
Do I have grounds to lodge a complaint ?

Replies

  • PrettyKittyKatPrettyKittyKat Forumite
    1.3K posts
    ✭✭✭
    The supervisor fee is calculated based upon any payments made into the IVA, usually 15% of any money paid in. This will have been detailed in your IVA proposal and you agreed to this so no grounds for a complaint.
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