What can I expect from my annual review?
When you enter an Individual Voluntary Arrangement or IVA, you are entering into a five or six-year financial commitment.
With that in mind, it’s important for us to stay in touch to make sure that your arrangement is still suited to your current circumstances – a lot can change during your IVA payment term.
That’s why we carry out an annual review to keep in touch and make sure everything is going as well as it can be.
It’s also important to note that completing the annual review is part of the terms of your arrangement and that failure to do so could result in the failure of your plan.
Your annual review is exactly what it sounds like – it’s a yearly review of your financial arrangement with Creditfix that allows us to make sure your payments still meet your affordability.
Once a year we’ll get in touch via email or text to let you know it’s time to complete your annual review and help support you every step of the way.
While this might seem like a long-winded task, that couldn’t be further from the truth. In fact, it takes a matter of moments to complete and we’ll do the rest for you.
How do I complete my annual review?
When it’s time for you to complete your annual review, we’ll send you an email advising you of the steps to follow. This will include details of the information we require – it is quick and easy to supply this information using your account on the Parkfield portal.
