Cost of Living

[mish1953]

If the cost of living is going up will it mean that we will ba allowed more for our domestic expenditure .

http://business.timesonline.co.uk/tol/b ... 866554.ece

Slainte
Mish
[8D]

8 months till automatic dischanrge

[MelanieGiles]

Unfortunately whilst creditors continue to rely upon outdated and unrealistic expenditure guidelines produced by the CCCS, I fear not!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Skippy]

Well I'm just about to send of my IPOQ to the OR and I have increased a few things - mainly petrol and fuel (now have gas as well as electricity) as we had a generous food allowance already. I don't think they will reduce my IPA, but I'm hoping they won't try and snaffle any of my pay rise - the one from May that STILL hasn't been sorted out - as it will just about cover it. If they do try and take any of it I don't know what I'll do...

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[douglass]

Hi Skip, I hope you are well. Quick question - does the OR ask you to complete a new I+E every year for the 3 years of the IPA? Also, do you have to do a new I+E each time your income changes? Any help appreciated! I have just posted off my IPA - I am going to have to be strict with myself, now I am truly on a budget! D.

[sonyse2t5]

I think it is barmy to say IVA firms use CCC outdated I/E guidelines.My IVA company used their own even though I sent them my CCC's one. And I got more from that than on a CCCS DMP.

Let's answer the question directly to the poster and say that creditors DO NOT TAKE INTO ACCOUNT THE RAISE IN THE COST OF LIVING. With Inflations at 3% this can be only counteracted by an increase in pay.

OPlease don't start blaming CCCS. I am sure they would be amused if they heard that.I wonder if their own IP uses the their own DMP template. Shall I call and ask??

[Adam Davies]

Sonyse2t5
Again you have launched into a rant over a simple question.
Creditors DO take into account increases in utility bills etc and these are normally offset by annual pay rises at work.
You base your whole view on IVAs and creditors based on your experience of one provider.Melanie has countless years experience over a huge range of creditors and I certainly do not feel that her comments are "barmy"
I suggest that you refrain from posting until you have replied to my email that I sent you last night

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

[insol]

did anybody catch the recent release from the office of national statistics. average expenditure on food for a family of 4 was £66 per week. which i beleive is far less than most creditors ask for. would like it but my it skill sare limited i'm sorry to say.

[louisa.s]

I do think that IP's (& creditors) do take increased costs into consideration. We've recently had our annual review and we were fortunate that our payrises offset the increased living costs and we were not required to make any additional payments but it was all relative and realistic and we've now accepted that we simply cannot live the way we used to live before (and that took a while believe me!)

[couple31]

I'd be interested in seeing a copy of the CCCS expenditure guidelines if anyone can link to them?

[insol]

the link to the ONS site is this

http://www.statistics.gov.uk/cci/nugget.asp?id=284

personally i was surprised by the results.

[MelanieGiles]

Well what I actually said was that CREDITORS rely on CCCS guidelines, and not IP firms. There is a clear difference.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[OPTIMIST12]

I can vouch for the fact that the CCCS guidelines are tough (I consulted them before proceeding to an IVA) but they also do a great job in bringing you down to earth after years of living in the crazy "never-never" world that is out of control credit.

[catullus]

And from memory the CCCS guidelines haven't been updated since 2002/3. I wonder why?

[Adam Davies]

Hi
Why ?
Is it to return as much as possible to the banks ?

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]

You might be right there Andy!!