Hi there. I am 3 years into my IVA and not missed any payments.
2 years ago our landlord sold his property which forced us to move. Our initial rent was £895 per month. In fear of being made homeless with my partner and two children I panicked and found a new rented property that we moved into. I didn’t get permission and the rent was higher at £1100. My partner gives me £100 per month towards it. So on my budget Iva has the original £895 but now I am spending £1000. My IVA payments are currently £295 per month. I am now beginning to struggle. I am extremely worried about telling my supervisor but I did it out of desperation. I just don’t want my IVA to mess up now. Do I tell them or keep quiet and keep struggling to pay this for he next two years. Would they be able to lower my payments without too much problem?
I agree with Lisa -- you should have a chat with the IP.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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