Thanks, its a weight off my mind. Heres to being debt free in the not too distant future!!

Hi, I thought I would just post an update. After much deliberation, my IVA company has agreed to revert my payment scheme back to how it was last year - so from £781 back down to £347 - hooray! Of course I still have to pay the 50% at the end of the year but at least now I have some flexibility and ...

Hi Guys,

Thanks for all your comments, and Paul, thank you very much for your kind offer, I really appreciate it. I am due to speak to the company this afternoon and if I don't reach any sort of resolution, I will certainly take you up on it! I will post an update this afternoon - fingers crossed!!

Thanks for your support guys. You are right in that I don't think half the people I speak to know what they are on about - they all seem to tell you a different thing, you never speak to the same person and you can never get hold of the IP directly to clarify! I am going to send my wage slips up and...

Hi there, I spoke to my IVA company as suggested and explained my situation again. They were a bit more helpful this time and said to send in my wage slips so they could have a look. However, they said that the decision to reduce my payments and change back to how it worked last year is up to the cr...

Hi, Thanks for the advice guys. I have been really worried about how I am going to get through the rest of the year without the IVA failing! The company I am with is The Debt People and now that I know there is something I can do, I will give them a call back and see what happens. I will let you kno...

Hi, I am just after some advice, I have been paying in to my IVA since Oct 06. As I work in sales and earn commission, during the 1st year I saved up my 50% contributions and paid a lump sum at the end of the year. During that time I was paying £357 per month into my IVA. After my annual review, my ...

Yes this is true I guess and to be honest, i have almost finished the first year and it has gone pretty quickly. The other positive thing is that at least the interest has been frozen so its not all bad and has taken a lot of stress away from me!

Hi, Thanks for your replies. I do understand that it is a common modification but when I spoke to my advisor originally, they told me that there were no modifications on the IVA so it was a bit of a surprise to find out 3 months later - additionally, it was not made clear on the chairmans report and...

Hi, I took out an IVA in Oct 06. When I oringinally discussed this with the IP, I was told I would pay £357 per month which was fine. I signed the agreement and the IVA was set up. A couple of months later, I called up to discuss something else and I was told that part of the agreement I signed stat...