The fact that we have spoken to 3 different customer service advisors since my final payment and they all said that it was progressing as scheduled and congratulating me on completion but not mentioning the equity release re-enforced this belief, I've already paid into the iva over 6 years and now look likely to start paying into it for a 7th due to Apertures total incompetence! To notify the Insolvency Service that your listing is out of date, simply click ‘report an error’ at the bottom of the page detailing your case, then explain what is wrong. Aperture never ending nightmare! We were put in touch with them by Step Change, I wonder if they still recommend them? An Individual Voluntary Arrangement or IVA will allow you to repay your debts at a lower rate over a set period In a nutshell An Individual Voluntary Arrangement (IVA) is a form of debt settlement.It allows you to repay your debts over a period of time, … A P Smith MAAT MIPA MABRP Licensed by Insolvency Practitioners Association (UK). Registered Company Number 03834474. In most cases there is actually no reason why an IVA company should not be able to produce a completion certificate within 6 weeks of the last payment. * The question will be posted on our forum, we will email you the location. The IVA marker will remain on your credit records until 6 years from the start if your IVA. My opinions are merely that .. opinions based on experience. Read about their experiences and share your own! The offer has to be made by your Insolvency Practitioner. Home » IVA (Individual Voluntary Arrangement) » What happens at the end of an IVA? An Individual Voluntary Arrangement (IVA) usually lasts for 5 years, and it can be extended if property is involved. I am at loggerheads with a company called Aperture regarding a closed IVA & PPI. or uuntil it is completed, whichever is later. It is important to remember however that even though your IVA has finished it will remain on your credit file for six years from the date it was approved. You should also check the public insolvency register, to see if you have been removed from there too. What is an IVA? First Dispute Management (“FDM”) have been instructed to act on behalf of IVA estates by Aperture Debt Solutions LLP to investigate possible mis-selling which would form an asset in IVA estates. Once this is all confirmed and approved you will receive an IVA completion certificate confirming your IVA has finished and your debts have been cleared. This is because it has to be set up by a professional, known as an insolvency practitioner. Simply enjoy being debt free! Before the Certificate of Completion can be issued, steps are taken to ensure that all payments have cleared, that any funds due to be released from any assets have been paid in and that all dividends have been made to the creditors. IVA.info Ocean Business Centre, Ocean Street, Altrincham, WA14 5QL. Financial Conduct Authority Number: 681263. Your Insolvency Practitioner will approach your creditors for you via a variation meeting and put forward your offer to bring the IVA to an early end. © IVA.co.uk is owned & managed by Net121 Limited. How to settle an IVA early. Your Supervisor will inform the Insolvency Service once your IVA has been completed however so you shouldn’t have to do anything with regards to getting it removed from the register. Registered Office: Kempton House, Dysart Road, PO Box 9562, Grantham, NG31 0EA. Aperture avoid like the plague. Set up and managed by an insolvency practitioner (IP) an IVA is a form of insolvency which allows you to write off up to 81% of unsecured debt with government legislation, and offers an alternative to bankruptcy. The Individual Voluntary Arrangement is used as a mechanism to ensure creditors are bound by the agreement. I find this so weird to read this and others about Aperture. If you need Aperture IVA Insolvency Practitioners to help you with your debt situation then we are just a phone call away. Telephone: 0800 088 7502 It is however possible to reduce this period. If you have any doubts or queries regarding your IVA that is coming to a close, our experts are on hand to answer your questions. If you can no longer make payments you should tell your insolvency practitioner straight away. Totemic, the Totemic logo, PayPlan and the PayPlan Logo are all trademarks of Totemic Limited. kristian. Check out what 70 people have written so far, and share your own experience. It normally takes six-eight weeks for your IVA Completion Certificate to be sent out to you. 1 talking about this. If they feel it is likely to be accepted they will propose it to your creditors. So you’re approaching your final IVA payment, what happens next? About Aperture IVA: At Aperture IVA, it is our main goal to get you on the path to debt recovery and a brighter future! Do you agree with Aperture IVA’s 4-star rating? Totemic Limited refers customers to PayPlan Partnership and PayPlan Bespoke Solutions for Individual Voluntary Arrangements: PayPlan Partnership Limited is a limited company registered in England, Register No: 7199691 Registered offices: Kempton House, Dysart Road, PO Box 9562, Grantham, Lincolnshire, NG31 0EA. Unfortunately customer service is something many firms struggle with, often because they have you over a barrel and you feel unable to complain. When it’s time for the end of your IVA, your IP will get in touch to do a last review with you. This is the place for new questions to be posted. PayPlan and the PayPlan logo are trademarks of Totemic Limited. | Read 61-80 Reviews out of 70. It is important to remember however that even though your IVA has finished it will remain on your credit file for six years from the date it was approved. They' ve admitted they should have contacted me 12 months ago to go through the process but didn't and can't explain why so now my 6 year iva will now last 8 years by the time they send out a completion certificate! Update, today I was told to go through the process of trying to remortgage even though they know I won't be accepted just so I could email Aperture the screen shot of the mortgage rejection. Firstly enjoy your moment and celebrate the relief. Fill in our simple, 3-step form to get immediate debt help and advice. The Aperture IVA contact number for new clients is 0333 939 7919. Get expert opinion. Posts: 38 Joined: Mon Dec 11, 2017 5:54 pm. Take out a high interest savings account or even an ISA to ensure you’re getting the most for your money. According to Aperture this will help the person a) fully resume control of their lives and b) start rebuilding their financial future. My IVA is officially complete, what do I do now? As has been explained to you, your IVA was transferred by order of the High Court to Aperture Debt Solutions LLP (“Aperture”) on 29 January 2016, following the transfer of approximately 8,700 other cases where I was the Supervisor; as a result, I am no longerthe Supervisor of your IVA and he is now in office. Your IVA is a type of insolvency; therefore, your credit file may have been significantly impacted leaving you with a low credit score. They were always available, helpful and everything was handled in a timely manner. Monthly IVA payments include fees and may differ to the example provided, based on the assessment made of your own personal circumstances – these fees will be clearly explained to you in writing by your IVA company. It can provide you with legal protection from your creditors and has the power to stop CCJs and bailiff visits in their tracks. Please enter your email address below so you can access our secure debt solution tool; PlanFinder, on the next screen. However, an IVA will affect your credit rating for six years and your information will also be placed on the public Register of Insolvencies for the duration … But once it’s finished you will be completely free from the debts involved and you will no longer have the worry of them. An IVA can be flexible to suit your needs but it can be expensive. Your IP will check that all payments have been made on time and in full and then you simply make your final payment to complete the process. We believe that everyone has the right to a brighter future and should be able to trust that they are receiving advice that is truly personal to their circumstances and offers the best solution for them and their families. Paying off an IVA early is possible if you’re able to find the funds to do so. What on earth has happened to them??? Once your IVA has been completed and your IP has finalised the last payment, you will be free to enjoy life knowing you have no more debt to worry about. They handled my F&F IVA in 2016 and everything was so well handled, I owe them so much for getting some things through our IVA agreement that perhaps should never have happened. You should also find that after a good few years living on a budget you now have some spare cash to indulge on yourself. This page tells you what to do if you have an Individual Voluntary Arrangement (IVA) and it fails. I was fully aware of my requirements but the way its worded in my original iva with Clear Debt was that they may try and ask me to re-mortgage my equity release in the final year 6 months before the end date but the fact that Aperture didn't contact me at all in the last year suggested they were not pursuing equity release due to me not being able to re-mortgage. An IVA normally ends when you have made the last payment per the IVA agreement. Totemic Limited is a limited company registered in England, Company Number: 2789854. Our goal to help put every client on the path to their 'brighter future' without the worry and stress that comes with being in debt. To do this, we'll need to take some more information in the way that suits you best: Are you self-employed? more than 60 replies, ↳  the hot hot IVA topics in 2007, 20 replies plus. 25 November 2015 at 12:00PM edited 30 November -1 at 12:00AM in IVA & DRO I have had an IVA for 6years and have just paid the final payment this month. We will provide you with a personalised debt solution. That was done and now I have the option of another 12 months of payments followed by another 6 month wait for a completion certificate hopefully.. Or I could have paid an upfront payment of £28500! I had an IVA with Apertures IVA which ended in April 2019 (that was the last payment) for the past few weeks I have been trying to get a mortgage but havent passed with any major lenders, I have sinced looked into this and it turns out Aperture never signed my IVA off so according to the credit reports I am still in the IVA hence not getting passed on a mortgage and I have now lost … Always seek professional advice. An Individual Voluntary Arrangement, or IVA, can reduce the cost of your debt to a single, more affordable, monthly repayment. PayPlan is a trading name of Totemic Limited. You must select an answer before you may proceed, Repayment Arrangement (with your creditors), Examples Of How IVAs Have Affected Businesses, Examples Of How IVAs Have Helped Families. It's an agreement between you and your creditors (organisations you owe money to) that sets out when and how you'll repay them. Licensed Insolvency Practitioners: NT Payne ACA FCCA MIPA MABRP Licensed by Insolvency Practitioners Association (UK). Want help to start an IVA? 76 people have already reviewed Aperture IVA. ↳  we salute the special people managing disability, ↳  reclaiming bank charges while in an IVA, Petition to stop access to insolvency register, ↳  IVA Register: Class Action to sue Government, ↳  help abolish, regulate or limit access, ↳  Unsolicited letters from the insolvency register, Please help with research on creditor patterns, ↳  collating information about creditor voting, ↳  Watch tv.iva.co.uk the dedicated IVA TV Channel, ↳  communicating with creditors prior to IVA, ↳  hot hot hot topics in 2007 ! However the fact is that some IVA companies (particularly the larger ones) take far longer. It can take up to 3 months after completion for your IVA listing to be removed so just keep an eye on this and query if it has been longer than this. Licensed Insolvency Practitioner: NT Payne ACA FCCA MIPA MABRP Licensed by Insolvency Practitioners Association (UK). ↳  feedback on the site? Give us a call (0800 077 6180) or complete the form below to speak to one of our experts. *In the case of a one-off lump sum settlement, Get free, confidential debt advice in just 15 minutes. Aperture IVA Contact Number. An IVA is settled early by paying a single cash lump sum into the Arrangement instead of the remaining monthly payments. One of the main reasons many people find themselves in debt is because they found themselves in an emergency situation they simply didn’t have the money to pay for. It might be the case that your insolvency practitioner will be able to come to a further agreement with your lenders to reduce your monthly repayments even more. Sprout offers Early Settlement Loans to debtors in an Individual Voluntary Arrangement (IVA). Totemic Limited is authorised and regulated by the Financial Conduct Authority. ↳  bonus, overtime, pay rises and windfalls. Check everything has been updated You should check that all the has worked properly. An Individual Voluntary Arrangement or an IVA, is a legal method of resolving debt problems. After what might have felt a long time coming, you will finally be debt free. I am currently on an iva and my debt is almost doubled due to iva fees.I have been on my iva 2 years now. An individual voluntary arrangement (IVA) is a way to deal with debt you're struggling to repay. The unsecured loan will be used to settle the remaining debt. It confirms you’ve completed the plan successfully and that your Insolvency Practitioner is no longer the Supervisor. We recommend continuing to stick to a budget to ensure you don’t find yourself out of your depth again and perhaps taking the money you were once paying into your IVA and moving this into a savings account each month. ↳  IVA creditors meeting soon: wish me luck! Once a monthly payment IVA starts it usually continues for at least 5 years. 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