payments are they fixed or variable

[trog]

when entering into a iva, believe its nornally for 60months.

are the payments fixed for the whole term or do they get renewed each year, or do iva companies operate differently.

Just that if it were fixed for full period suppose its easier to budget.

[MelanieGiles]

Hi there

Your payments will be reviewed at annual intervals by your IP, and if they feel that you can afford to pay more then they are duty bound to seek an increase.

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

[iva experts]

Once your IVA has been approved, usually c1 year from that date will be your annual review. Some I.P firms may perform reviews every 6 months but the norm is 12 months. At this review usually you will be asked for your P45, bank statements and possibly payslips.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/

[Oliver]

Your income and expenditure can be reviewed and if you can pay more then your payments can increase.

Best Regards
Oliver

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

[Adam Davies]

Hi
Additional costs will be taken Into consideration as it is quite possible to receive a payrise but incur more costs[fuel,child minding etc etc].
Any time that you receive a pay rise,other than your annual increase,ask for a fresh income and expediture form from your IP

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