Put down what you spend and your IP will alter them if needs be.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Don't know if it is still the case, but the Stepchange website used to give hints as you filled in the online I&E. But, as Kallis says, put down what you spend and the IP will adjust accordingly.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Stepchange do offer suggested amounts when putting a budget in. I didn't have a clue on a lot of things, such as clothing, as I was so used to not having any money left at all for anything other than bills and buying food on my credit card.
jack wrote:Where can I find out what the caps are for expenditures under an IVA. e.g. food, clothing, pet insurance etc?
Thank you for your replies.
I know the IP will make the adjustments being in my fourth year of my IVA.
What I"m asking is:- Where are the caps written down? Who sets them? Are they inflation linked?
Thanks
As Foggy says, you may find some on the Stepchange website but I don't think they have been updated in a while and I don't think they are linked to inflation.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
jack wrote:Where can I find out what the caps are for expenditures under an IVA. e.g. food, clothing, pet insurance etc?
Thank you for your replies.
I know the IP will make the adjustments being in my fourth year of my IVA.
What I"m asking is:- Where are the caps written down? Who sets them? Are they inflation linked?
Thanks
The most commonly used are the ones produced by Stepchange ( still often referred to as the CCCS Guidelines ). The latest set I have is 2015 --- they are not generally published and are difficult to track down outside of the industry. They are revised in line with inflation periodically, although they do not seem to use the generally accepted inflation figures. However, at the end of the day they are only guidelines and are as open to tweaking by debtors as they are to creditors (who do often "tweak").
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
