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Posted: Sun Oct 14, 2012 6:42 pm
by Clive.01
i have been in iva for 10 months now, must admit its been a great relief, but just received a letter saying its been increased from £255pm to £370pm. how can they raise it by so much and is there anything i can do about it
Posted: Sun Oct 14, 2012 6:43 pm
by Shining
Hi and welcome to the forum.
Do you have no idea why it's been raised? Have you completed a review recently?
I would question this as if you can't afford the amount it will only lead to IVA failure.
Posted: Sun Oct 14, 2012 6:45 pm
by luluj
Have you submitted a new income and expenditure form to your IP? Have your circumstances changed in anyway?
I would contact your IP tomorrow and seek reason for such an increase asking them to provide you with specifics to help explain. Make sure your outgoings truly reflect your actual spends. Let us know how you get on.
Posted: Sun Oct 14, 2012 6:51 pm
by Clive.01
yes completed a review in august but nothing has changed since my original review plus its not even been a year since starting it
Posted: Sun Oct 14, 2012 7:21 pm
by Shining
I would definitely ask for a breakdown of how the increase has been put into place from your IP x
Posted: Sun Oct 14, 2012 8:31 pm
by MelanieGiles
This definately seems odd and you must take this up directly with your IP. Let us know what the reasons for the increase relate to.
Posted: Sun Oct 14, 2012 9:40 pm
by kazzafunk
It would be interesting to know why they have reviewed before a year is up - which company are you with?
Posted: Mon Oct 15, 2012 9:13 am
by Hyperdrive
What a shock! Sounds very strange to me if your circumstances havn`t changed and there`s been no explanation.
Posted: Mon Oct 15, 2012 4:24 pm
by Foggy
Sounds very much like a "clerical error" --- I wonder if there is somebody of a similar name wondering where their review result is !!
Posted: Mon Oct 15, 2012 4:43 pm
by Clive.01
hi, thanks for your replies, just been on the phone to them but person im dealing with is off till wednesday so let you know then. company is called creditfix, very helpful in the beginning but not so sure now. is there anyone with any experience of this company?
Posted: Mon Oct 15, 2012 9:20 pm
by Hyperdrive
Not heard of them. But if it`s an IVA you are surely governed by the rules.[?]
Posted: Mon Oct 15, 2012 10:13 pm
by MelanieGiles
They are one of the larger operators, but given that you have someone specific looking after your case I would wait until they get back as they will probably be able to review this for you quickly and hopefully clear up any misunderstandings about your figures.
Posted: Mon Oct 15, 2012 10:17 pm
by Clive.01
ok thanks for your input