50% overtime

18 posts Page 2 of 2
Post Reply
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Fri Aug 10, 2007 11:31 am
Quote
Hi
That,s interesting about Natwest and seems to go against the info that we have had recently.
When time allows I will contact all banks and ask for their stance on IVA customers.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
Top
 
 

lcjones

User avatar
Posts: 3
Joined: Wed Aug 15, 2007 4:36 pm
Location:
Post by lcjones » Wed Aug 15, 2007 4:41 pm
Quote
If for some reason you decide to pay all your overtime, how is this extra payment treated. Is it look upon as credit which can be used to reduce a payment at alater date?
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Wed Aug 15, 2007 8:07 pm
Quote
Hi
Thats a good question.
You would need to have an agreement with your IP that any over payment can be used towards missed or underpayments.If you are proposing a 100p dividend then you will shorten the term of your IVA.If your offering less than 100p then you could feel that you want to repay your creditors as much as possible and pay the whole lot regardless.You could just do,as most others do,and just pay 50% direct to your IP when you earn it.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
Top
Post Reply
18 posts Page 2 of 2
Return to “IVA postbag for august”