We were put in touch with them by Step Change, I wonder if they still recommend them? Get expert opinion. Firstly enjoy your moment and celebrate the relief. Home » IVA (Individual Voluntary Arrangement) » What happens at the end of an IVA? After what might have felt a long time coming, you will finally be debt free. An IVA normally ends when you have made the last payment per the IVA agreement. So you’re approaching your final IVA payment, what happens next? Once a monthly payment IVA starts it usually continues for at least 5 years. My IVA is officially complete, what do I do now? There was one case where someone came back about the result of going to the regulator and I believe that it was against Aperture. Licensed Insolvency Practitioners: NT Payne ACA FCCA MIPA MABRP Licensed by Insolvency Practitioners Association (UK). ↳  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 ! This is due to the important fact that your income has been severely affected - which in turn would suggest the IVA payments will no longer be affordable to you. It never hurts to keep some money tucked away for a rainy day. An Individual Voluntary Arrangement, or IVA, can reduce the cost of your debt to a single, more affordable, monthly repayment. View is much brighter now. 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. The Arrangement can be settled early with a lump sum. 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. An Individual Voluntary Arrangement or an IVA, is a legal method of resolving debt problems. Posts: 38 Joined: Mon Dec 11, 2017 5:54 pm. If you need Aperture IVA Insolvency Practitioners to help you with your debt situation then we are just a phone call away. You should also check the public insolvency register, to see if you have been removed from there too. This is the place for new questions to be posted. more than 60 replies, ↳  the hot hot IVA topics in 2007, 20 replies plus. 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! Laura Prescott is a licensed Insolvency Practitioner with over 15 years’ insolvency experience and, along with all the Jarvis Insolvency team, looks forward to helping you achieve your goal of becoming debt free. It can provide you with legal protection from your creditors and has the power to stop CCJs and bailiff visits in their tracks. However once your IVA has dropped off your credit file, you can start looking at repairing your credit score. Powered by phpBB® Forum Software © phpBB Limited. Aperture avoid like the plague. ↳  IVA creditors meeting soon: wish me luck! I am at loggerheads with a company called Aperture regarding a closed IVA & PPI. We will provide you with a personalised debt solution. © IVA.co.uk is owned & managed by Net121 Limited. It confirms you’ve completed the plan successfully and that your Insolvency Practitioner is no longer the Supervisor. PayPlan and the PayPlan logo are trademarks of Totemic Limited. No, your IP will notify your creditors when that last payment has been received and everything has been processed. Your Aperture IVA Supervisor has been replaced by Laura Prescott who will be responsible for the ongoing supervision of your IVA. My opinions are merely that .. opinions based on experience. Contact Us. This usually happens when you can no longer make the payments. 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. An IVA can be flexible to suit your needs but it can be expensive. ↳  bonus, overtime, pay rises and windfalls. Read about their experiences and share your own! Registered Office: Kempton House, Dysart Road, PO Box 9562, Grantham, NG31 0EA. Fill in our simple, 3-step form to get immediate debt help and advice. It normally takes six-eight weeks for your IVA Completion Certificate to be sent out to you. You should also find that after a good few years living on a budget you now have some spare cash to indulge on yourself. 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. This will check if you still need to pay anything into the IVA. Give us a call (0800 077 6180) or complete the form below to speak to one of our experts. kristian. Our lines are open Monday to Friday, 9am to 5pm, and we are confident that we can help you whatever your financial situation may be. 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. 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. Do you agree with Aperture IVA’s 4-star rating? They were always available, helpful and everything was handled in a timely manner. When it’s time for the end of your IVA, your IP will get in touch to do a last review with you. or uuntil it is completed, whichever is later. Voice your opinion today and hear what 70 customers have already said. The offer has to be made by your Insolvency Practitioner. Check everything has been updated You should check that all the has worked properly. Discharged today the 8th feb 2012. 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. ↳  feedback on the site? The unsecured loan will be used to settle the remaining debt. However the fact is that some IVA companies (particularly the larger ones) take far longer. If you’ve had any overtime or bonuses from work, you might need to pay extra. Always seek professional advice. PayPlan Bespoke Solutions Limited is a limited company registered in England, Register No: 7079646 Registered offices: Kempton House, Dysart Road, PO Box 9562, Grantham, Lincolnshire, NG31 0EA. Registered Company Number 03834474. An Individual Voluntary Arrangement (IVA) usually lasts for 5 years, and it can be extended if property is involved. 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! 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, … 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. * If you enter your phone number, IVA.com Group Limited will give you a courtesy call to ensure that your question has been answered. 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. Based on this information, we believe we'll have a debt solution which can help you. An individual voluntary arrangement usually lasts between five years if you keep up with your regular, agreed payments. It's an agreement between you and your creditors (organisations you owe money to) that sets out when and how you'll repay them. If you have a house, your IVA firm will remove the restriction placed at the Land Registry so you can sell it. I have heard that it can take 6 months or more with Aperture. How to settle an IVA early. If you can no longer make payments you should tell your insolvency practitioner straight away. 76 people have already reviewed Aperture IVA. Your IVA is a type of insolvency; therefore, your credit file may have been significantly impacted leaving you with a low credit score. If they feel it is likely to be accepted they will propose it to your creditors. Totemic Limited is a limited company registered in England, Company Number: 2789854. 1 talking about this. I called GT for to ask the next stage and they have told me it has been extended for another 12 months due to the equity in my property. please add your comment ! *An Individual Voluntary Arrangement (‘IVA’) is subject to the customer meeting qualifying criteria and gaining creditor acceptance. 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. Want help to start an IVA? Take out a high interest savings account or even an ISA to ensure you’re getting the most for your money. 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. What is an IVA? Telephone: 0800 088 7502 An individual voluntary arrangement (IVA) is a way to deal with debt you're struggling to repay. A P Smith MAAT MIPA MABRP Licensed by Insolvency Practitioners Association (UK). Back in 2006 I entered into an IVA with a company called Debt Matters which was subsequently transferred over to a company called Grant Thornton. Totemic, the Totemic logo, PayPlan and the PayPlan Logo are all trademarks of Totemic Limited. 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. This page tells you what to do if you have an Individual Voluntary Arrangement (IVA) and it fails. It is however possible to reduce this period. How long does an IVA last? 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 … Check out what 70 people have written so far, and share your own experience. Licensed Insolvency Practitioner: NT Payne ACA FCCA MIPA MABRP Licensed by Insolvency Practitioners Association (UK). Sprout offers Early Settlement Loans to debtors in an Individual Voluntary Arrangement (IVA). When your IVA ends you’ll receive written confirmation of this - known as a Completion Certificate. An IVA is settled early by paying a single cash lump sum into the Arrangement instead of the remaining monthly payments. About Aperture IVA: At Aperture IVA, it is our main goal to get you on the path to debt recovery and a brighter future! | Read 61-80 Reviews out of 70. At that time there was some talk that new business that would have gone to Aperture would instead go to Jarvis – see some of the comments below my … This is the case regardless of whether your IVA is still open, or it has been completed. 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. Aperture IVA Financial Services Belfast, Antrim 405 followers Aperture Debt Solutions LLP is a long-standing, market leading personal insolvency specialist. * Any use of this forum is conditional on you having read and agreed to our terms and conditions. Totemic Limited is authorised and regulated by the Financial Conduct Authority. After you’ve done this, your IVA company should send out your IVA completion certificate. Aperture never ending nightmare! 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. You will first need to discuss the amount you can pay with your IVA Company. Please enter your email address below so you can access our secure debt solution tool; PlanFinder, on the next screen. Get help from our Specialist team today. Paying off an IVA early is possible if you’re able to find the funds to do so. 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. 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. PayPlan is a trading name of Totemic Limited. Financial Conduct Authority Number: 681263. The IVA marker will remain on your credit records until 6 years from the start if your IVA. 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. 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. 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. 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. Aperture IVA Contact Number. 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! You should also check the public insolvency register, to see if you have been removed from there too. What on earth has happened to them??? According to Aperture this will help the person a) fully resume control of their lives and b) start rebuilding their financial future. 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. I find this so weird to read this and others about Aperture. Do you agree with Aperture IVA's TrustScore? 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. The Aperture IVA contact number for new clients is 0333 939 7919. To do this, we'll need to take some more information in the way that suits you best: Are you self-employed? The Individual Voluntary Arrangement is used as a mechanism to ensure creditors are bound by the agreement. You should ask them to explain to you in full all of the consequences that cancelling your IVA will lead to. It allows a person to repay a percentage of their unsecured debt back to their creditors in affordable monthly instalments over a fixed term, usually around 5 years. 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. For example, you might promise to give them some of your salary each month, or to pay them a lump sum. But once it’s finished you will be completely free from the debts involved and you will no longer have the worry of them. This is because it has to be set up by a professional, known as an insolvency practitioner. Aperture was the second largest IVA firm in 2018, but it stopped taking new IVAs in June 2019. Simply enjoy being debt free! IVA.info Ocean Business Centre, Ocean Street, Altrincham, WA14 5QL. As you come to a close on your IVA there isn’t much to do on your part. 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. 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 … My payments have doubled and im not happy. When is a full and final IVA settlement possible? 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. *In the case of a one-off lump sum settlement, Get free, confidential debt advice in just 15 minutes. Unfortunately customer service is something many firms struggle with, often because they have you over a barrel and you feel unable to complain. 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. An Individual Voluntary Arrangement (IVA) is a formal and legally-binding agreement between you and your creditors to pay back your debts over a period of time. * The question will be posted on our forum, we will email you the location. 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