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Posted: Thu Oct 04, 2007 8:13 pm
by poppy
I am having a 1 grand payrise in November. A modification of my IVA was that I had to increase the payments by £80 - they did not specify what part of my budget the money should come from. I have been struggling with this and wondered if it would be possible for me to keep the payrise money or if they would object to this?
Posted: Thu Oct 04, 2007 9:12 pm
by Adam Davies
Hi
It will be up to your IP.Why was the £80 increase factored in ? Have you had any increased expenditure to offset the payrise ?
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
Posted: Thu Oct 04, 2007 11:48 pm
by poppy
The creditors wanted more money, but didn't say which part of my budget the £80 had to come from. I have taken it off my food and am struggling.
Posted: Fri Oct 05, 2007 9:13 pm
by Adam Davies
Hi
I would argue that your 1k payrise should be used to cover the extra £80 that you had to find.They will just about cancel each other out.
Have a word with your IP and explain the difficulties that you are having
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
Posted: Fri Oct 05, 2007 9:35 pm
by catullus
Andy
That's the way I would play it. If the IP's got a heart, he should agree to that.