It was just before my last annual review that my partner and me split up and I lost his relativ modest contribution to my upkeep.
I send in the new I&E form and calculated that my curent payments of £638 need to be reduced to £580 to make it work.
To my astonishment I received a call from the DFD call centre advising me that my monthly payments will be increased this year !
I told them that I am unable to pay so much and that I stripped all my spendings already to the bare minimum. I was then told that if were to pay only £580 they would add another 3 months on the IVA in order to "compensate" the creditors. I am surprised that this is possible. My IVA mentiones that the minimum amount collected should be 40%.With paying £ 580 in the last year I would have paid back 48% after deduction of supervisory fees. What shall I do?
We do have Decan from DFD posting on here, and hopefully he will pickup on this tomorrow and help you out.
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
Hi
You need to speak with your IP and agree an affordable amount.
It could be that your expenditure has reduced in addition to your income if there is just yourself now ?
Regards
Hi Guildo
As Jan mentioned, I am more then happy to pick this up and look into for you as the last thing you need is to be struggling on your current contribution.
If you would email me your details (my email address is listed in my profile under the experts section) I will look into this for straight away.
