I want to move in with my partner. DFD are saying if I do I will have to restart my payment plan ?

[davyh]

I am currently with Debt Free Direct and have been with them for a year. I am now undergoing a review. I want to move in with my partner but they are saying if I do I will have to restart my payment plan. What does this actually mean? If I just move in what is the worst that can happen as I can't pay any more than I do now?

[MelanieGiles]

Hi David

Are you in an IVA or a DMP at present?

[luluj]

Welcome to the forum.....the answer to your question depends as Mel has said ..which type of agreement are you in ? If in an IVA then yours and your partners income will be reviewed to ensure that both parties are paying the appropriate amounts to all household expenditure ....the remaining of your income is then used as disposable to your creditors. Your partners income is NOT used as creditor payments...this remains completely theirs.

You should not put your life on hold ...enjoy your new living arrangements.

[davyh]

Hi, Thanks for the reply. Yes, it's an IVA.

[Adam Davies]

Hi

You will not restart your IVA but your payment level may be adjusted if your your living expenses change.
Clarify this with DFD

Regards

[davyh]

So just to confirm, it is under review at the moment, DFD have said that most of my creditors want more money which I can't afford, so my partner has said that she will just allow me to pay what I am curretly paying my parents to help with the bills. So if I move in now, they will not say that I have to start it again? I am really worried about this in case they think I have more money by moving in with her...

[MelanieGiles]

If I were acting for you, I would want to know what the arrangements to pay rent to your current partner are. If this is more than you are paying your parents, which would then affect your ability to fund your IVA payments, I would want to also see details of your partner's income and expenditure to ensure that you were paying a fair share, and not contributing to her costs at the expense of your creditors. This should all be covered under the usual annual review process.

[davyh]

Would I be able to ask for a payment break? if so how would this work? I have read about it but I am not sure if DFD do these. I am going to give them a call but wanted to know if you knew the answer.

[MelanieGiles]

Why would you need to ask for a payment break?

[davyh]

I would like a payment break because it is coming up to chistmas and I have 3 children.

[Adam Davies]

Hi

I really do understand why you want a payment break but I think DFD and your creditors will not allow this. One of the downsides of an IVA is that there are no allowances for presents/holidays etc but you can use any saved money from expenditure allowances/overtime to fund these extra costs

Regards

[Shining]

All the best for moving in with your partner I hope everything works out well for you. Talk to your IP to clarify. Sadly as Andy says Christmas and birthdays have to be funded via savings from allowances etc.,

Do you have anything to sell on Ebay maybe?

[davyh]

Hi, thank you for your replies. I must admit, I am new to this forum and the help you have all given me has been great. Thank you. If I have any more questions, I will come back on. [:)]

[Shining]

Please do come back whenever you want, we encourage all questions and your journey and questions will no doubt help another poster looking in.

[davyh]

Yes, I could not agree more. I just wish I had the money for Christmas! not sure what I am going to do! I guess once my review is up and I know what my new payments are going the be, that will help.