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sam.d82
New Member
7 Posts |
 Posted - 09 March 2010 : 13:34:54
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| i hope you can help me, im desperate ! i have an iva with debt free direct approved 20/7/09.i am paying 644 per month, i have fallen into difficulty and agrred to pay 1 month arrears over 1 year so my payments have increased to 717 pmonth. i am part time and my hours have decreased so my monthly wage is 590 not 680 as whenthe iva was approved!. my ptrs earnings have remained the same. i havent approaced them yet but im worried i will fail the iva...do i ask for a variation meeting?? |
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Bridgewood
Forum Expert
United Kingdom
104 Posts |
Posted - 09 March 2010 : 13:39:34
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Hi sam.d82
If your wages have decreased and you can't afford your payments then picking up the phone and discussing your options is the best thing. I really do not think you should have anything to worry about and I am sure you will feel better after speaking to them.
Take care. |
Our Website: http://www.bridgewood.co.uk
Bridgewood specialise in helping people deal with their debts and make the most of their financial situation - providing free, no obligation debt advice.
We can also setup a complete range of solutions including debt management plans, IVA and bankruptcy support.
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Declan at DebtFreeDirect
Forum Expert
United Kingdom
762 Posts |
Posted - 09 March 2010 : 13:45:59
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Hi Sam
I am more then happy to look into this for you and provide any help and advice you need.
This is something that does happen and we will do what we can to help you through it.
My email address can be found on my profile under the experts section.
Thanks |
Declan Murray
Debt Advisor
Debt Free Direct - the UK's largest IVA provider.
http://www.debtfreedirect.co.uk/iva/iva
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Andy Davie
Administrator
IVA completed.
10766 Posts |
Posted - 09 March 2010 : 13:53:00
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Hi
If someone misses a month I can never see how they can be expected to increase monthly payments to cover this unless they earn overtime ? If you are paying 100% of your disposable income surely you can't pay any more on top of this.
Tagging missed payments on the end of the IVA is surely the best way to deal with any arrears
Regards |
Andy Davie, IVA.co.uk spokesperson and a Debt Advisor
If you need any help or advice about the various debt solutions available please contact me via my website at www.andydavie.com
Author of "Real life IVA stories" and Debt Counsellor of the year finalist 2010 |
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Declan at DebtFreeDirect
Forum Expert
United Kingdom
762 Posts |
Posted - 09 March 2010 : 13:58:03
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Hi Andy
I would need to see the case details before commenting fully on that one as we do discuss payment plans individually on a case by case basis.
Thanks
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Declan Murray
Debt Advisor
Debt Free Direct - the UK's largest IVA provider.
http://www.debtfreedirect.co.uk/iva/iva
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clareyfarey
IVA Junior
58 month\s down 2 month\s to go.
United Kingdom
82 Posts |
Posted - 09 March 2010 : 21:07:19
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You know what guys, I SO wish I had on tap advice like this when I started my IVA! I can't praise the experts on this forum enough :)
Enough gushing from me HA!
Cx |
58 down..... 2 to go! :)
read my story
http://clareyfarey.blogs.iva.co.uk |
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MelanieGiles
IP
30800 Posts |
Posted - 09 March 2010 : 21:53:33
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| Sometimes clients will economise on their normal expenditure in order to repay arrears, others prefer to see them added to the end of the IVAS. I would always prefer to see some gesture made towards the arrears, but not if this led my clients to suffer undue hardship moving forward. |
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp |
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flumpy dog
IVA Artisan
19 month\s down 41 month\s to go.
2012 Posts |
Posted - 09 March 2010 : 22:21:26
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hey sam hope youre ok. best thing is to contact your ip and see if they can arrange a repaymrent plan with you. please dont feel guilty or worry somethings cropped up through no fault of your own and any reasonable ip will see this.
im sure like andy says either they can allow you to pay this arrears back in small amounts or tag it to the end. please dont fret and call your ip asap. take care ok fd x |
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kallis3
Moderator
27 month\s down 33 month\s to go.
United Kingdom
35545 Posts |
Posted - 09 March 2010 : 22:58:49
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| I'm sure Declan will sort this for you Sam, just drop him an email. |
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.
27 down, 33 to go.
Jan
xx
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lesley_
Forum Expert
30 month\s down 30 month\s to go.
United Kingdom
8889 Posts |
Posted - 10 March 2010 : 07:09:30
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| I always try to pay a little towards my arrears that I have within my IVA and thus reducing the extra amount owed. However, I have a standing order payment and can adjust this accordingly month by month depending on expenditure. I think the only thing wrong with doing it this way is that you never build up a contingency. |
http://thereisanend.blogs.iva.co.uk/
Downhill now 31/60.... |
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i hope you can help me, im desperate!
