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Posted: Fri Dec 28, 2007 11:06 am
by Jo83
Hi i was just wondering i am doing an IVA at the moment i am finding it hard to make a repayment in jan for eg i have to catch up with all my bills from over xmas, my company is shut until the 3rd and by then my direct debit would have gone out, what would happen if i was to cancel it for this month only then ring them up to explain the situation for this month only.
Posted: Fri Dec 28, 2007 2:56 pm
by MelanieGiles
Hi Jo and welcome to the forum
I am afraid that you are unlikely to get much sympathy from your IP if you are unable to make your payment due to Xmas overspending. This does need to be budgeted througout the year, and if you miss the January payment your IVA will fall one month into arrears. Speak to your IP to see what they have to say about this, and made a New Years resolution not to be in the same position next year.
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
Posted: Fri Dec 28, 2007 4:44 pm
by Adam Davies
Joe
Stick at it,however tough it is.If you miss one payment it could be the starts of a spiral downwards.
Regards
Andy Davie
IVA.co.uk Spokesperson and Website Manager
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp