www.iva.co.uk

If once on an IVA and after a few months in I managed to find for example cheaper car insurance and could save £10 pm on this. Would this be taken off me at my at my first review? How does this review work, what do the I.P's want to see?[8)]

Hi Jan. Every day items change throughout the year and provided there is nothing material you do not need to keep the IP informed. Wages [sometimes] go up as do heat and light, food, council tax etc and the annual review is to see if there is extra money available after taking into account all changes.

If you manage to make savings on your insurances it is highly likely that something else will have gone up but regardless your IP will not be poring over your bank statements each year to see if they squeeze an extra few pound out of you. IVAs are not like that and generally run quite smoothly.

Thanx for that Michael.

We only update our insurances once a year, at our review.

I must admit that if it went up a fair amount I would be on the phone! Otherwise I just leave it.