www.iva.co.uk

Afternoon all.

I have 1 payment left to make with GT on the 27th of July and have just sent them my last 11 months payslips (i think i will have to send them July's too once i've received that on the 16th) for my final annual review. On my last review in June 2012, I got the letter in June asking me for the payslips & P60, received them back in July and then in August, got my letter saying "I should confirm that your surplus income has not increased therefore you should continue to make payments as previously agreed". I've been paying £302 per month since the beginning of my IVA.

After sending off my recent payslips, i've just checked the letter they sent me and it included my income/expenditure details and all of a sudden, they show my disposable income is not £302 but is actually £323. Having checked back on my payslips, the only thing i can see they have done is to add back on the Student Loan deductions, of around £20 each month, onto my take home pay.

When i originally went into the IVA - with Blair Endersby - they were aware of this loan and i chose to exclude them from the list of creditors so that i would be paying the Student Loan back, in full, over time and it clearly shows the deductions (albeit of £18 per month) in my excluded creditors of my IVA. The deductions have been coming off my wage each month, and are showed on my payslips, for the past 4 years so why now are they suddenly adding them back on? And even worse, why do it after last year telling me that my surplus had not gone up?

I've emailed them querying this and await a response but does anyone else have any experience of this?

try as i have i cant quite work out what the issue is , so if ive misunderstood then sincere apologies

you have not been asked to increase your payments last year and i suspect that they have done one of two things , these being 1) a mis calculation or 2) they have added the student loan repayment back on to your salary, which in fariness reflects an accurate net salary, as your net salary is indeed your take home plus the student loan deductions

Its fair to say though , that if they applied this method last year, then they will indeed do the same this year and if they dont then of course you can ask them why not.

You were not asked for any increase in payment last year and i would have thought that you are unlikley to be asked for any additional monies after your last IVA payment , unless you have earned any overtime. If you have always shown your net slaary as the take home figure that has the student loan deduction , then i would do exactly the same now. I dont think at this late stage I would callenge last years review paperwork, as this could well dlay closure beyond the excessive delays GT cost profit centres , sorry clients are already experiencing.

Good luck , one payment left and then all bar the certificate you are free.

best wishes for your debt free future

Hi

I can't see a problem, if you deduct the student loan payment it wipes out any extra surplus
You should be fine

Regards

Thats right 12 months to go, I've not been asked to make any increased payments and they have continued to take my Direct Debit payment at the same amount but i'm just confused, and a bit worried, why they have chosen to show this now. In all my other reviews and letters i've received in the past showing my income/expenditure, it has never been shown like that.

I guess i'm possibly just over thinking things a little and maybe being a bit pessimistic due to the fact i'm nearing the end and i don't want to make my final payment in just under 3 weeks time and then get told that i have to make another payment/s to cover some extra income that they have counted me as having.

Thanks for the advice and support.

Just thought i'd post a quick update.

I got a reply from GT stating the following;- "With regards to your previous review, we are obliged to increase clients payments if they have a surplus income of £50 or greater after their IVA payment has been deducted. In your case, we calculated that you had a surplus income of £36 after your payment is made. We issued a letter stating that your surplus has not increased because it fell below the £50 for increasing payments and was therefore still within the same threshold as previously"

So thankfully nothing to worry about. I guess i was just thinking that after my final payment in a few weeks time, they'd say i had to make another payment because of this increase but thankfully not. I guess now i just join the queue for the completion cert, which from reading other posts, might be a while, but as long as my payments are over, i'm happy.

GT do seem to be fair and above board in the way they operate the terms of the arrangement -- it's just closures that let them down in a BIG way !