www.iva.co.uk

I expect in the next 5 years council tax will rise as will petrol and fuel bills. Does your iva yake into account this in the annual review?

In all honesty in reality how often will payments to creditors decrease in view of this? My opinion is that costs of living will increase year on year (and if salarys dont,mines frozen for 2 years) then surely payments must decrease?

Hi
In recent IVAs your IP should have the power to reduce your payments by upto 15% if need be to address increases in expenditure above your annual pay increase.
Regards