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Iva Completion

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sxcizme3010
sxcizme3010 Posts: 265 Forumite
Seventh Anniversary 100 Posts Combo Breaker
Recently both I & my husband have completed our Ivas. Both were completed via a full and final settlement and we went via PayPlan. 

Couldnt recommend PayPlan enough from start to finish they have been amazing. From setting it up to annual reviews, payment breaks and now completion - highly recommended. 

My husband paid back 14% and I paid back 26% 

Just wanted to say - there is light at the end of thr tunnel 

Comments

  • sourcrates
    sourcrates Posts: 31,490 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Congrats on being debt free at last.

    IVA`s can work, if you meet certain criteria, they are not for everyone, but get mis-sold massively based on the lie that they are for anyone.

    One reason why I don`t particularly like them, I had one myself, but with no assets to protect at the time, I should have gone bankrupt instead.

    But that doesn't take away anything from your success, well done.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • sxcizme3010
    sxcizme3010 Posts: 265 Forumite
    Seventh Anniversary 100 Posts Combo Breaker
    I have assets & self employed so it worked well for us 🙂
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