Breach of contract due to a lease car at work. My husbands bike blew up and had to be sorned but he requires a vehicle for work as he works at various sites. It was unclear he couldn’t opt into a lease car and it has flagged up during an annual review. We have to put forward out reasons why but I’m extremely worried our agreement will be ended. Does anyone have advice on this?
Communication is your best friend in this situation. I think your IVA company have just got a huff on as you didn't communicate over your hubby getting a lease car for work. As Foggy has pointed out, it really isn't extra credit but you do need to explain how you are going to make the payments and how you can afford them but not have offered this amount as an increase in your monthly IVA payments. Stay calm and make sure you have all your figures and excuses written down so you don't come across as winging it when you tell your side of the story. Good luck and try not to fret.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
Thanks guys. I think I was panicking prematurely. I hadn’t had chance to speak to my hubby properly but the adviser he had spoken with on the phone seemed fine with everything and that it would just be a formality.
We should have informed them which we didn’t know we had to as it isn’t a loan, but apparently it still comes under that umbrella.
Basically the Iva is in my husbands name and he took a car out through salary sacrifice at work...so it’s like a company car/lease car. Money is taken out of his wages before tax to cover the costs of everything involved in running a car minus fuel. So this was the cheapest and quickest way of him being back on the road after his bike blew up as he needs a vehicle for work.
Anyway we have to submit all this to go to the creditors and hopefully everything will be ok.
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