Hi all, I am after some advise. I entered an IVA with an opening balance of £19,568. At the time I was on a very low wage and it was agreed that I would pay £149 (£8,940). I entered the IVA in May 2021 and have so far made 27 Payments. Due to a very big pay rise, my standard monthly payments increas...

Thanks again for the reply. When I enquired about an F&F this was the reply I had from Bennet Jones: As it stands, the current balance of your IVA is £7,279. As a guide to settle the IVA, we would suggest proposing to match what you originally agreed to pay in to the IVA through your contributions. ...

Thank you for the speedy reply.

Do you think im better off asking to borrow £6931 from family and then offer a full & final offer?

I can then pay back the family member quicker due to my new income?

Kind regards

Hi all, I entered an IVA in May 2021 for a sum of around £18,000. At the time of entering the IVA I was only earning 32K per year. My monthly payment was £145.00 per month. Over the last 18 months I have had some small pay increases meaning my IVA has been adjusted to £174.00 per month. My online po...

Hey! Yes as you have said they took into account the full household amount to work out my income (Bit complicated but my salary + UC = £3k a month and on the months i earn bonus we get £0 UC. So the monthly income is still £3k.) So they used this figure to calculate my income & expenditure. I have e...

Hi all, I am after some advise on my current situation. This week I have been offered/given a promotion at work. It’s a pretty large salary increase however is further from home so travel costs are inflated. The complicated part is, my Wife receives universal credit (£800 a month) so that coupled wi...

Hi all,

Just to update you on this, my IP confirmed it was fine for me to keep the tax rebate.

Thank you for the reply. I have contacted Bennett Jones as i dont want to get in trouble for doing something wrong so if i have to hand over the £188.00 then so be it. Its certainly not worth risking failing my IVA over. I will let you know what my IP say once i have a reply! Thanks again for the ad...

Hi all, Hopefully a easy question. I entered my IVA in May 2021. I have just had a tax rebate come through for last year (2020 - 2021) and i am owed £188.00 do to the fact i overpayed on the company car tax. Do i need to declare this money or not as its such a small amount. I could really do with ke...

Thanks Foggy, I shall do just that.

Thank you again. Just finding my feet with all the IVA terms etc but feeling less stressed already.

I have just followed the link above to apply for the account, This was the response:

Not sure what else i can do?


' You're not eligible for tax free child care or 30 hours free childcare if your partner isn't either in paid work or on a qualifying benefit '

Thank you both for such quick replies,

Much appreciated. I will crack on with it now and see how i get on!

Kind regards

Hi all, I had my IVA accepted yesterday & i cannot even begin to explain how much relief i feel. Finally i can get my life back on track and stop thinking about my debt every second of the day. However, I could do with some advise on one of the terms of my IVA: One modification made was that I neede...