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Posted: Wed Oct 22, 2008 2:55 pm
by wobly123
hi there advice needed ,when i put forward my income to my iva provider should i have left out my child benifit or included it.
i know i might be a pain here but i am drowning and my ip company is ringing me to discuss it
Posted: Wed Oct 22, 2008 3:00 pm
by Adam Davies
Hi
Child benefit is included in an IVA calculation,as is all income.
Work out a fresh income and expenditure with your IP and see if the payments can be lowered
Regards
Posted: Wed Oct 22, 2008 3:11 pm
by Abby
your not being a pain , any question no matter how small you must ask , because there will be somebody on here who will be able to help.[:)]
Posted: Wed Oct 22, 2008 11:02 pm
by james.c
i left out my child benefit, purely by accident and not on purpose, but i think over time it would have been questioned, so the best policy is to show everything and then it makes it easier for your IP to do the best for you and your creditors
Posted: Thu Oct 23, 2008 12:19 am
by MelanieGiles
Yes - Andy is correct. Child benefit does need to be included, as do tax credits and any other benefits you receive, in order to correctly calculate your disposable income.
Posted: Thu Oct 23, 2008 12:21 am
by David Mond
Melanie is spot on