Can I keep my 1 grand payrise?

[poppy]

I am having a 1 grand payrise in November. A modification of my IVA was that I had to increase the payments by £80 - they did not specify what part of my budget the money should come from. I have been struggling with this and wondered if it would be possible for me to keep the payrise money or if they would object to this?

[Adam Davies]

Hi
It will be up to your IP.Why was the £80 increase factored in ? Have you had any increased expenditure to offset the payrise ?
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[poppy]

The creditors wanted more money, but didn't say which part of my budget the £80 had to come from. I have taken it off my food and am struggling.

[Adam Davies]

Hi
I would argue that your 1k payrise should be used to cover the extra £80 that you had to find.They will just about cancel each other out.
Have a word with your IP and explain the difficulties that you are having
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[catullus]

Andy

That's the way I would play it. If the IP's got a heart, he should agree to that.