Am I paying too much into my IVA?

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liz442

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Post by liz442 » Thu Mar 12, 2020 3:01 pm
I am currently in an IVA with Jarvis insolvency. My initial total debt was 41,329, my repayments are £370. Can you advise if this amount is appropriate to level of debt or does it sound to high a repayment? Also I first signed up with Aperture and was the. Transferred to Jarvis without much explanation however I had already signed all documents.
Many thanks

kallis3

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Post by kallis3 » Thu Mar 12, 2020 3:30 pm
It will have been sorted out on your affordability and your amount of debt plus fees. You will always owe the full amount of your debt until your IVA is finished.
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

Foggy

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Post by Foggy » Thu Mar 12, 2020 3:50 pm
The payment amount has no relationship to the debt amount. In every case it is simply your net income, less allowed living expenses.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Lisa Thomas

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Post by Lisa Thomas » Fri Mar 13, 2020 10:12 am
It depends on what your disposable income is, after allowing for reasonable living expenses.

Every case is individual.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

laura414

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Post by laura414 » Wed May 20, 2020 8:59 am
We have a similar amount of debt and pay £600 a month so count yourself lucky ;-)
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