My IVA has been approved, what do I do next?

Once your IVA has been approved you will need to make your first payment into the IVA.

You should ensure that you do not fail to make these payments on time. If you are paying your IVA by standing order or direct debit, make sure they are in place for the agreed date. Ensure that you follow your financial statement too. This will allow you to budget for everyday living costs and will guarantee that you have your IVA payment available.

If your circumstances change, or you think that a payment will be late, let us know immediately. We will advise you on the best course of action.

For more information, call us on 0800 16 999 46 or simply fill in the online application form above. Our initial advice is free and completely confidential so why not give us a call today...

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Other FAQ

• What is an IVA?

• Will an IVA affect my credit rating?

• IVA, Debt Management Plan, or Bankruptcy?

• Can I set up an IVA if a Bankruptcy Order has been made against me?

• Who can benefit from an IVA?

• What does it mean if my IVA is not approved?

• What are my options if my IVA is not approved?

• My IVA has been approved, what do I do next?

• What happens if my IVA is approved with modifications?

• What happens when my IVA proposal includes the provision that I have to sell/realise some of my assets?

• What happens if my monthly IVA contribution is late?

• Do I still have I deal with my creditors once I'm in an IVA?

• Is it possible to finish my IVA early?

• Why would I vary the terms of my IVA, and what would it involve?

• Will I be debt free after my IVA?

• What is a Full and Final Final Settlement Offer?

• How can I get IVA help?

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