I have clients who pay weekly and four weekly - so hopefully your own IP can be as flexible as they need to. If you are paid four weekly, then it is sensible to time the IVA payments at the same time - you will pay slightly less than the monthly figure, but make 13 payments throughout the year rather than 12.
DFD have allowed us to pay my husbands weekly and mine twice a month - despite me being paid monthly. Purely because all our outgoings were bunched together at the beginning of the month and we had no money to buy food and petrol at the beginning of the month.
Hi Katie - there is no reason at all why your payment structure cannot fit in with your payment schedule if this will make things easier. as long as the total contribution over the year equates to the same it should be fine. As Mel says, hopefully you have a flexible IP to accommodate this as not all IPs work in the same way.
Let us know how you get on.
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
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