Posted: Mon Aug 02, 2010 1:35 pm
Hi everyone, I just wondered if anyone can put my mind at rest please! I am relocating this month. I will be renting out my property, and I have a new job although i have taken a significant pay cut and at the moment it is only part time (this will change in time though) I have filled in a new I&E form with my expected new outgoings and incomings when i move house. There will be a very small shortfall (about £10)in the anount of disposable income I have left each month, so my IVA payments should remain the same.
I first informed someone at my IVA company of my intentions to relocate back in May, as I wanted to some advice about what i should do etc. I supplied as much info as I could at that stage but didn't get very far. I'm now in contact with another member of staff at my IVA company, who is looking into this for me. I have asked for a payment break in Aug and Sept to cover the fact that I will be down on my salary and in between jobs for nearly a month, while I move house etc. I am moving to be with my partner who lives 200 miles away!
I don't know why but I am getting very nervous about all of this - how long should it take for a decision to be made about a payment break? It is only two weeks until my Aug payment is due! Are payment breaks usually granted for this kind of thing? And will the fact that I am going to be earning less, but generating rental income, be a problem, even though it means I will be able to keep up my current payments? The last thing I want to is to jeopardise my IVA so I made sure I notified my IVA company months ago about this. I haven't spoken to my IP, just two members of staff.
I would love to hear from anyone who has relocated or just any general feedback really. I just feel very anxious about the whole thing now when i should be looking forward.
I first informed someone at my IVA company of my intentions to relocate back in May, as I wanted to some advice about what i should do etc. I supplied as much info as I could at that stage but didn't get very far. I'm now in contact with another member of staff at my IVA company, who is looking into this for me. I have asked for a payment break in Aug and Sept to cover the fact that I will be down on my salary and in between jobs for nearly a month, while I move house etc. I am moving to be with my partner who lives 200 miles away!
I don't know why but I am getting very nervous about all of this - how long should it take for a decision to be made about a payment break? It is only two weeks until my Aug payment is due! Are payment breaks usually granted for this kind of thing? And will the fact that I am going to be earning less, but generating rental income, be a problem, even though it means I will be able to keep up my current payments? The last thing I want to is to jeopardise my IVA so I made sure I notified my IVA company months ago about this. I haven't spoken to my IP, just two members of staff.
I would love to hear from anyone who has relocated or just any general feedback really. I just feel very anxious about the whole thing now when i should be looking forward.