i earn 1200 after tax,my iva is 230,car+petrol+insurance is 350,my rent is 300(rising to 400 in feb)my boss has offered me a pay rise£2000)or petrol card.how will this affect my iva payment and im unsure which is the best option
You will need to inform your IP of the change in circumstances. Whichever you decide to take, your disposable income will probably rise (dependent upon normal cost of living rises), either because of the extra money, or the drop in your petrol expenses.
You will probably have to complete a new I&E and your payments may go up.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I realised that afterwards - it's been worded slightly differently.
I think some posters may be confused as to where to post their questions, so post them twice.
If I can get to them before they've been answered, I delete them, but don't always manage it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
