Hello,
Please can you help in this matter, when we took out our iva our income was about £100.00 higher a month, and i have a few more outgoings, washing mac broke so rent for twenty pounds a month and petrol going up, for work. Can i ask for our income and expenditure to change, as in sep the amount we a pay a month into our iva goes up by two hundred and fifty pounds, which would be more than we earn after everything else!
Thank you Julie
You can ask for your I&E to be reviewed at anytime. I'd speak to your IP urgently as you do seem to be having a few problems.
As regards the washing machine, could you not ask for a payment break in order to buy a new one or look at something like Freecycle so you're not paying out this extra a month?
Which company are you with?
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
More recent protocol IVA's allow for 15% of your IVA payment either way before a variation meeting has to be called to put it before the creditors for approval. i.e small adjustments in I & E can be authorised by your I.P so as Jan says I would give them a call first thing tomorrow. They will be fine about it and deal with this sort of thing all the time.
Hi - definitely have a word with your IP. Loss of income and additional legitimate expenses are both very good reasons for adjusting your monthly payment to a more affordable level.
It's not as if you could even use a launderette for £20pm!!
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
