bank statements required by the iva company?

[missworried]

Does anyone have any idea how many months of my bank statements are required by the iva company?

[TREES57]

Hi Missworried and welcome.an expert will be along soon to answer any questions.We have just started out on the road but we have been asked to provide 3 months worth xxx

[ianmillington]

Hi

The Bank Statements are needed to verify income and expenditure. Also it can help us to flush out any payments to creditors that you might have forgotten you have.

Quite often, following a review of a clients bank statements, we find that a new clients ability to contribute is less than they had estimated on the phone, so if your IP doesn't ask for Bank Statements you may well end up with a proposal that promises too much.

Typically the last 3 months statements are fine, unless they are not a fair reflection of your current situation.

Ian

[size5]

If you are at the stage of looking into an IVA, we would look for a minimum of 3 months bank statements, as well as various other things such as, but not limited to, wage slips, tenancy agreement or mortgage statement, council tax bill, creditor statements etc.
Ideally you should be sent a checklist from your IVA provider so that you know what is needed.

If you are already in an IVA you should speak to your supervisor re this.

Hope this helps.