I have just entered an IVA and had it agreed about 4 weeks ago. My partner dropped down to part time and we thought she would get 900 a month. We just seen her first pay since changing and it is 1195. The IVA has 900 on our agreement. I have phoned and informed them of the change and they said the creditors don't like it when changes happen that fast. They are sending us a income and expenditure form to make the changes. It was a an error which we have put right straight away. I'm worried our IVA may be in jeopardy. Does anyone know what their view will be? It turns out at the same time that my car insurance has gone up at the same time. Would that help counter act that?
I agree with Foggy that they are talking rubbish. You need to do a new I&E and make sure that you put down the increase in the insurance.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
