Iif I came into more money ?

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gemmadb

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Post by gemmadb » Fri Nov 14, 2008 6:31 pm
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I just wanted to know if I was paying a fixed rate for an IVA then came into more money, would the amount I have to pay be changed?
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kallis3

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Post by kallis3 » Fri Nov 14, 2008 6:58 pm
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Hi Gemma and welcome.

Do you mean if you had a payrise?

An IVA isn't a fixed rate as such, every year you do an new Income and Expenditure form, and your next years contributions will be based on that, there is always the possibility that they can 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
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