installment date altered

[asht]

Hi, we have had an iva agreed and we agreed the instalments would come of on the first of the month. We have had a letter wanting the first instalment mid month whch we had not planned for. What are our rights here? Part of the revised agrement was to give up out pension to raise the instalment and there was not sufficient time to do this so we will be short of the full payment. What should we do?

[MelanieGiles]

Hi asht and welcome to the forum

Just give your IP a call and explain the situation. This is only a minor issue and one which I am sure can be easily resolved over the telephone.

[louisa.s]

If it is of any help we had a similiar situation with our IP provider where the payment was due on or around the 18th but due to other commitments at the beginning of the IVA it wasn't possibly to make our contribution on that date so we spoke to our IP and they said that as long as payment was received at some point during the month there would not be any problem so we shifted ours to the end of the month and 21 months later all is well.