Review

[paul51]

We are just about to send off our end of year review having completed our second year.My wifes IVA is all up to date and she is currently paying £143.65 per month but as mentioned to you before I have missed several payments for various reasons , mainly I did not have the money to make my monthly payment.On speaking to payplan all they have said is that they would extend the term and it went to a variation meeting and that was agreed(Only one creditor responded).
However on completing the review and since last year our rent has increased by £100 per month(reason being that we have a clause in our rental agreement to pay the painting costs on the house and thats due next year)Our heating/electric bills have increased and because we live in a rural location our fuel costs have increased.
Even with our income increasing and I have kept the housekeeping at £480 per month we can only afford £296.67 which keeps my wifes payment as it is but reduces mine down to £153 from £195.
From february 2009 our car HP,CSA payments,Council tax arrears 2007/08 finishes and that will release an extra £500 per month to our payments.
Do you think that would be acceptable to the IP at payplan or do you think that I need to prepare myself only (as my wifes payments are upto date)for a failure of the plan.
I can see light at the end of the tunnel with the finish of this historical payments or do you feel that payplan may now feel that thats to far ahead.
Long winded I know but any help would be appreciated before I submit the I & E to payplan.....Thanks

[emma_t]

Hi Paul

I am sorry but not sure of all the answers here, but will answer to get you back up to the top of the board and hopefully someone will answer soon who can help x

[Viki.W]

Hey Paul, sorry I can't answer either but just wanted to tell you that some of the experts are at an awards ceremony tonight so it may be a little quiet. Good luck and I'm sure someone will help you as soon as they can. Viki X

[paul51]

Further to my concerns - has anybody got any advice for me thanks

[Adam Davies]

Hi
I think that your creditors would be mad to fail your IVA with an extra £500 per month looming next year.
Talk it through with Payplan,I'm sure that they will support you
Regards

[paul51]

Thank you Andy kind regards paul