really struggling to live, what shall i do

[windy77]

i'm in a iva i'm paying £331 a month but i'm really struggling to live and pay the other bills i don't mind missing out on stuff but its my partner and child that is. what shall i do

[aguise]

Hi sw
Have you had somne changes that have caused the problem like drop in wages or increased expenditure, or do you feel that your expenditure was unrealistic in the first place.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[MelanieGiles]

Did you discuss the implications of entering into an IVA with your partner before you commenced the procedure, and were they supportive? An IVA is rarely an easy option, and does require sacrifice, and when you are in a partnership - both parties need to support the concept.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[iva experts]

Welcome to the Forum s.w,

One of the most important aspects of an IVA is that it is affordable, when it becomes unaffordable this is when missed payments can happen etc.

The best thing to do is explain your current situation to your I.P, explain why you are finding it hard to make your monthly payment. Your I.P may be able to give you a payment break, however if a reduced payment is needed long-term you made need your I.P to hold a variation meeting with your creditors.

Best Regards. IVA Experts