will they take 100% of windfall?

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Lottie12

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Post by Lottie12 » Fri Jul 08, 2011 10:46 am
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Do creditors normally take 100% of a windfall or if we asked if we could keep some for car repairs etc..?? would they let us keep some? we are struggling so bad to keep up the payments.
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kallis3

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Post by kallis3 » Fri Jul 08, 2011 10:49 am
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Hi Lottie,

If you need to keep some back for essential things then tell your IP and I'm sure they will accommodate you.

If you are struggling so badly then ask if you can have your payments lowered and submit a new I&E. You should be able to live whilst in an IVA.
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
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