Debit payment

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norman

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Post by norman » Tue Jul 09, 2019 11:21 am
I'm trying to make a payment to IVA through the portal does anyone know what month and narrative means ?

Foggy

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Post by Foggy » Tue Jul 09, 2019 11:33 am
I would guess it would be the month the payment relates to as the reason for the payment --- as most times these "extra payments" that go through the portal, rather than the regular DD or SO payment, would be in respect of additional income, or a windfall.
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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norman

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Post by norman » Tue Jul 09, 2019 11:39 am
Yes its for a tax rebate £235 so should I just put July then tax rebate or something

Foggy

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Post by Foggy » Tue Jul 09, 2019 12:15 pm
Tue Jul 09, 2019 11:39 amnorman wrote:
Yes its for a tax rebate £235 so should I just put July then tax rebate or something
I would think that would be OK. Have they confirmed that it is payable ?
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

norman

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Post by norman » Tue Jul 09, 2019 1:11 pm
Hi Foggy yes as i'm doing a variation and I had added the rebate to the lump sum that I have proposed but they said because its a windfall it should have been paid immediately despite me ringing them and telling them about it about 5 weeks ago ,back then they said just hang onto it until we do the variation now saying it should have been paid straight away ,so now ive paid it but it didnt look like it had gone through as got no receipt or confirmation as they said I would so sent it again and the same thing happened so I may have paid it twice now or not at all and they won't know for 10 days having a bad day lol

Foggy

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Post by Foggy » Tue Jul 09, 2019 1:22 pm
Tue Jul 09, 2019 1:11 pmnorman wrote:
Hi Foggy yes as i'm doing a variation and I had added the rebate to the lump sum that I have proposed but they said because its a windfall it should have been paid immediately despite me ringing them and telling them about it about 5 weeks ago ,back then they said just hang onto it until we do the variation now saying it should have been paid straight away ,so now ive paid it but it didnt look like it had gone through as got no receipt or confirmation as they said I would so sent it again and the same thing happened so I may have paid it twice now or not at all and they won't know for 10 days having a bad day lol
They have described it as a windfall ???

Under £500 windfalls are not usually captured by an IVA, assuming there are the usual windfall clauses.
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

norman

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Post by norman » Tue Jul 09, 2019 2:04 pm
They did say you could knock it off the lump sum offer but it should be paid into the IVA portal today ,but because I want the lump sum to be as much as possible I said I'd pay that as extra because by the time they need the money I will have what I proposed in the variation

alex.mercado

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Post by alex.mercado » Wed Jul 17, 2019 2:23 am
It's important to understand that IVA is not fixed. It is more than possible for them to go up during your arrangement. But still better to ask for debt advice when it comes to payment especially if you are confused or your not sure. There are times I have the same situation as you do.

kallis3

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Post by kallis3 » Wed Jul 17, 2019 8:18 am
Let us know how you get on Norman and how the variation goes.
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.
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