Hi
Some advice please, we am just entering into our 4th year of our IVA. In September 2008 I received a copy of my annual review, with the annual review it had the years before annual review aswell, which i thought was a bit strange, shouldnt i of received this after the first year -the review stated that we with the increase in income need to pay another £2800 for the past two years,we had a variation done as we had a drop of £400amonth in tax credits so the iva payments changed from £420 to £212. The iva company agreed the variation due to incomings and outgoings, so why have they now asked for this money, yes our income did increase and that is why our tax credits fell dramatically. I spoke to the iva customer services and they got my account manager to check the details and they said it is correct I need to pay an extra £2,800 - I am in an IVA, I dont have savings or money like that, they had calculated the increase in wages but did not take into account the reduced tax credits of £400 a month difference, they said benefits were not part of income based calculations, but they were used to calculate my incomings originally, I spoke to national debt line and citizens advice and both say that the benefits should be calculated as a loss in my income if they are reduced, I fed this back to the iva and requested to speak with my IP to this day i still have not heard from my IP and am worried as they are about to do my 3rd ann review - any help and oh how i wished i had gone with a different iva company