Annual review procedure

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Littleblue
Posts: 7
by Littleblue » Sun Feb 11, 2018 9:05 am
How do credit fix do an annual review
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recovering
Posts: 1393
by recovering » Sun Feb 11, 2018 9:10 am
From memory 3 (or 6) months bank statements
Payslips and an I&E
Littleblue
Posts: 7
by Littleblue » Sun Feb 11, 2018 9:20 am
Hi, is it pay slips for 12 months or 6 months? I'm salaried and get an 5% bonus in march. I know I'm going to have to tell them I've got this bonus bit it doesn't seem fair that if this bonus was spread it over 12 months they wouldn't want any of it!
Also, what detail do they look at your bank statements. I have no extra things that weren't on there when my IVA was accepted but I'm just concerned after reading posts on here. I have Netflix and sometimes take the kids to football which will show up but it was in there at the start too!
Thanks
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Foggy
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by Foggy » Sun Feb 11, 2018 9:53 am
On the bank statements they will be looking at the income column, rather than what you are spending on what. If you have decided to sacrifice some of your shopping, for instance, to fund Netflix, that is your business. If it was agreed in your expemse allowances previously there is no reason they will disallow it now.

The bonus situation is a bit of a kick in the teeth, but, hey, think of all the interest you are no longer hving to shoulder --in the long run you will come out on top.
Littleblue
Posts: 7
by Littleblue » Sun Feb 11, 2018 9:59 am
Yeah, I just have to accept I'm only getting half of my bonus from now on!
I've also finished paying my student loan in a month...I don't think that's 10% extra though... Do I need to tell them straight away?! My pension has gone up since I entered my IVA so I think it'll not make much difference to what I originally said my monthly wage was anyway!
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Foggy
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by Foggy » Sun Feb 11, 2018 10:49 am
Littleblue wrote:
Yeah, I just have to accept I'm only getting half of my bonus from now on!
I've also finished paying my student loan in a month...I don't think that's 10% extra though... Do I need to tell them straight away?! My pension has gone up since I entered my IVA so I think it'll not make much difference to what I originally said my monthly wage was anyway!


Best to tell them everything as and when it happens-- that way any nasty surprises are avoided.
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