www.iva.co.uk

Hi In what format do payplan conduct their annual reviews ? Its just that I am in month 12 of my IVA and I have just been transfered from debtmatters to payplan (pitty its not like football transfers and get a signing on fee !!)

P

Hi Phil
Payplan do their reviews over the telephone. I think you complete a new I & E over the phone with your case manager annually.

Hi Debbi

I must confess I'm surprised. Do they ask you for any evidence?

Ian

3 months payslips Ian. I think they have only recently started doing these reviews over the phone x

Thanks, but no evidence of expenditure?

Don't know as I haven't had my first one yet, but when i spoke to my case officer, she said it was all done over the phone. I will ask her again, and let you know

I wouldn't worry about it too much, I'm just curious as to how an I&E can be reviewed to the satisfaction of the regulators without calling for bank statements etc.

thanks

ian

Hi Phil,

Just for your information, i'm with PayPlan, they actuially send you out a letter and a form to fill in regarding your income and outgoins plus 2 or 3 months of wage slips.

I have my 2nd year review due anythime now, so this is what i will expect again, unless they have changed their procedure

Hope this helps

Jeff [:)]

Interesting Jeff, my curiosity is satisfied[:)]

ian

I have also heard that they are doing all of their reviewing over the telephone - which in itself is not necessarily a problem. I would only expect to see evidence of increased expenditure if items were being disclosed at more than 10% on the previous year, but would definately need to see at least three months currnet wage-slips as evidence of current and cumulative earnings - in reality we get these on a quarterly basis in any case.

I've just had my 4th annual review with payplan and they sent me a letter with a I&E form to complete and a request for 3 months payslips (they review all of mine on a quarterly basis anyway for the 50% overtime and bonus clause). I copied their I&E form and in to an Excel spreadsheet and emailed this and the screen prints of my last 3 payslips.

I had my first annual review last month, this was conducted via a 10 minute telephone call. They went through income and expenditure etc and at the end of the call said that my payments would remain the same. I later received a revised i&e sheet that I had to sign and return back with three wage slips. Even when I was setting my iva up i never had to supply any proof, bank statements etc. just payslips which if I am honest found quite strange but I have kept all copies of everything so that my expenditure can be verified.