Review Query

[AlfieMoon]

Have just received confirmation of my 2nd annual review and everything is ok. I do however have a query on disbursements - any help appreciated :-

Bank Charges £10, Life Assurance £60 - understand these. But there are two more which I would like to understand - Viola Leasing £240 and Costs re mis-selling claims £240 - any explanation what these represent would be greatly appreciated. I am not questionning these amounts just simply like to understand. Many thanks.

[AlfieMoon]

Can anyone explain what these disbursements are? Many thanks

[Shining]

Hi, I can't I'm afraid what I will do is help to keep this bumped up for someone who does. You can ring your IP who will no doubt be able to explain these to you too x

[Rod Newman]

No idea but again lets keep this bumped up then an expert will come along and enlighten us all

[AlfieMoon]

Thanks - will attempt to ring on Monday but being impatient wanted to see if anyone could enlighten me over the weekend.

[Rod Newman]

If you get any answers let us know won't you. Good luck

[Broke of London]

I think disbursements are costs of running the iva which are not covered by the fees because fees are for time only. I think my proposal allows for circa £1600 in disbursements over the life of the arrangement. Although I haven't read my last annual report in nearly a year so my memory could be wrong!!

[Rod Newman]

Ahhh BOL that rings a bell now.

[AlfieMoon]

Ok thanks - having checked my last years' 1st review letter I was charged a similar amount in total for disbursements but for differing things so could amount to over £2,500 during a five year iva if this is typical for each year - ours probably be six years. Am not concerned because I realise all fees have been agreed by creditors - well presuming this agreement also includes disbursements????

[Broke of London]

I believe it is all agreed and it gets reported on each year so creditors have the opportunity to query anything if it looks unusual. x

[AlfieMoon]

ok thanks BOL