How will my IP know that I have extra

[cay]

How will my IP know that I have extra £200-300 a month?Do I have to call them and declare this?Thanks.

[aguise]

Hi
If it is wages then they will know at review when you send your wage slips. Where is it from? I have said to others that our extra overtime we pay over each month this saves a nasty bill at review. Most have a condition to pay over 50% of all overtime depends on what ypour proposal says but I think best to tell your ip as you should want to pay what you can, I'm not goody two shoes but just dont want any more money problems or worry, five years of hardship is worth it to be free of debt.

All the best Ang

[Adam Davies]

Hi
Yes I must agree with Aguise,you must be honest and inform your IP.If its on your wage slip then it will be picked up at your annual review and you will have a nasty bill to pay.If its a payrise then I,m afraid that all of this may have to go towards your IVA.
Some IPs will check bank statements and if it is money thats not via your wage slip then it could be picked up here.
regards

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp

[Oliver]

The other experts are correct. This will almost certainly be picked up by your IP at your review and Andy is correct in saying that you could potentially have a nasty bill to pay if you do not disclose this.

Is this extra money through overtime or a pay increase?


Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp