IVA Approved with CF

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Post by VAG82 » Sun Jan 20, 2019 10:10 pm

I'm in my first month with Creditfix and just a bit curious about my annual review. As all my creditors have been accounted for in my IVA I will now have surplus money too spend. Would credit fix allow me to spend £150+ on electronic gadgets etc? When it comes to my annual how many months do they go back online regarding statements?



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Post by Foggy » Mon Jan 21, 2019 7:57 am
You should not have any significant surplus to witter away, if your I&E has been correctly handled. Reviews vary, even within firms, according to individual circumstances, but typically they go back three months with statements. However CF use third party access to your bank account, if you agree to this, where they can look at whatever they like, whenever they like.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Lisa Thomas

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Post by Lisa Thomas » Mon Jan 21, 2019 10:09 am
I don't understand how you have c£150 surplus to spend in addition to your (presumed) contributions into your IVA.

Something is not quite right here. Did you declare your full income and expenditure on your I&E form?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk


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Post by abbiesmum2003 » Mon Jan 21, 2019 12:46 pm
I agree with above.
If your I&E has been completed properly you should not have that much available to buy luxuries regularly.


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Post by Johnno » Mon Feb 25, 2019 8:04 am
Blimey £150+ on electronic gadgets etc, i was lucky if i had that to spend on food and fuel for the month and I was with Creditfix to.

Something seems a little odd here!


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Post by Jessie91 » Thu Jul 25, 2019 9:57 am
I have my meeting today with creditfix at 12 and I don’t understand how you would have that much money to play with as goes on how much you can afford after your essential bills which mine was left with £92 which would go straight to my creditors.
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