So I’ve recently had my IVA extended for a year and got my annual review coming up. There’s certain things I’m not paying out for at the moment like travel etc because I’ve been working from home but this is likely to change a couple of months after my annual review. Do I put what I’m paying now or what my expenditure will be when things start getting back to normal? I already pay £600 a month and don’t earn a great deal so don’t want to be out of pocket when I have to go back to work.
After Christmas I can finally say “my IVA finishes next year” and all the stress will have been worth it. When I’m having a bad day or go to Tesco and sometimes don’t have enough for shopping, I just keep focusing on that last payment which isn’t actually that far away now x
I would use the old, previously agreed, travel expenses --- after all if you have agreed, say £200 petrol money per month and one month it comes to £275 they do not increase it for the month and you have to find the extra yourself, or from savings from months where it might have been less. Added to this, the expenses could go back to their old level tomorrow and you will find it hard to get them to increase them again !
The end is in sight
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014