Posted: Sat Jan 14, 2012 1:22 pm
I am 6 months into my IVA. My IP office is nowhere near as interested in me now as they were pre agreement! My concerns are:
1. Interest rates will start to increase at some point in the future and therefore my mortgage repayments will also increase. Will my creditors allow a decrease in my IVA payments in the future? At the moment the dividend is 60%.
2. My net income increased by about 3% in December, 2011. I reported this to my supervisor who asked me to resubmit an I&E statement. I haven't done this yet because increases in my pension contributions in April, will wipe this out. Is this OK? Should I be putting aside 4x the monthly increase?
3. I understand the review date for the IVA is the anniversary of the agreement coming into force (July, 2011), will I be able to push to increase my food and fuel allocation since they were based on a standard tariff which are well below my living costs?
1. Interest rates will start to increase at some point in the future and therefore my mortgage repayments will also increase. Will my creditors allow a decrease in my IVA payments in the future? At the moment the dividend is 60%.
2. My net income increased by about 3% in December, 2011. I reported this to my supervisor who asked me to resubmit an I&E statement. I haven't done this yet because increases in my pension contributions in April, will wipe this out. Is this OK? Should I be putting aside 4x the monthly increase?
3. I understand the review date for the IVA is the anniversary of the agreement coming into force (July, 2011), will I be able to push to increase my food and fuel allocation since they were based on a standard tariff which are well below my living costs?