www.iva.co.uk

Ive just had a conversation with my IP in which i told that i am changing jobs at the end of april & along with this comes extra salary & extra expenditure regarding fuel expensealong with all other increased expense since taking out my IVA.
I already knew that i had to pay 50% of any additional income above my stated income at the start of my IVA.
What has stuffed me is they told me that i have to pay 50% of my increased salary into my IVA then my half has to take care of all the extra expenditure, surely this is not right, i mean i dont mind putting more into my IVA but only after all increased expense has been accounted for.
They even suggested that i use my contingency to pay towards the extra expenditure, but i thought contingency was for other emergencies.
What does everyone else think about this ?

hi i am by no means an expert however this sounds wrong to me as yes you have had a rise but with an increase in expenditure you could as you are suggesting be out of pocket so this cant be right talking directly with your ip should resolve this but i am sure on of the experts on here will help you

Thanks for the reply whem, when i spoke to the IP office i told them after all the extra expenditure i should have around an extra £20 or so to put into my IVA, but they did'nt seem to pleased about that & are going to send out a new I & E form.
They made me feel like i was lying to them but all i was trying to do was be honest about everything.
I told them my energy bills had increased significantly & they asked why !
I mean has'nt everybody's gas & electric bills increased over the past year or just mine !

i would imaginge once you fill out your i and e form all will be clear on paper and your problem should be resolved after all the point of an iva is to pay back what you can afford anything over this and your iva could fail which is not benificial to any one involved

can I ask which firm you are with

clearstart

Surely they can't make you use your contingency ? Is that not setting you up to fail ????

I suggest that if you speak to your IP directly, rather than one of his/her staff you may get a differing opinion. Worth a try, as I would never make a client deduct all increased expenditure from their 50% of the uplift.

I will do that Melanie thanks !

Hi
Common sense should prevail and you should pay 50% of any net increased income after extra car costs have been taken into account.
As Melanie states speak to someone higher up and do not accept the answer that you have been already been given.
Regards

As a matter of interest is it best I write to my IP in person as they may try & fob me off if I phone up their offices again.

Hi
I would,recorded delivery
Regards

Hi, I am with Clearsart, my mods state that I pay 50% of any increase, but after taking any increase in expenditure into account. I would check your list of mods and as Andy says send a letter recorded delivery. I am so not looking forward to my review, it seems that the staff these companies employ to deal with very important issues are just not up to it, wonder how much trainng they get?? Who is your IP?

Mervyn Eric Smith

Wasn't he the audience member at the last Debt Debate Andy - who spoke very well from the floor? I did not attend but did hear good reports about what he was saying.