difficult to live on of £35.00 per week

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Hotmerc

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Post by Hotmerc » Sat Aug 21, 2010 9:48 pm
Good evening to you all,

It has ben some 14 months or so since I was last on here seeking advice.

I am about to start my third year with a creditors meeting scheduled in September and alhouggh I had to have a variation meeting prior to my second year (lost my job but managed in the difficult times to get another job albeit £200.00 less per month) whch was set because my monthly payments had to drop from £800 to compensate my change in salary of which I put forward a drop of monthly payments to £525.00. My IP without consulting me put forward an exact salary drop of £200 to a new monthly payment of £600. As you can image I was upset on this as I had also identiofed that I had nothing left after each month for day-to-day essentials so, had to accept. Anyway, I have not missed a single monthly payment and do not intend to however, I am having to put in a revised monthly figure for the start of my third year of £510 as I am unable to get by after all the main utilty and rent and so forth is paid. Within my income/expenditure I have £150 for food and clothing each month and this as you can imagine is somewhat difficult to live on of £35.00 per week and buy essential clothing. Can you advise as to what is resonable living expenses especially as food, petrol, car insurance, utilities such as gas, electic and water as well as Council Tax have all gone up by an average of 8 > 10% in the year with petrol going up 36% since Jan 2009. All these are expected to rise again in to rise again in the coming months (my landlord has also advised that they will increase the rent
come January as they have not done so since 2008) and more so come 1st January 2011 when VAT rises from 17.5 to 20%.

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Shining

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Post by Shining » Sat Aug 21, 2010 9:55 pm
http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=31713

Hope the replies on the above thread help? x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Sat Aug 21, 2010 9:59 pm
You should put down exactly what you spend.

I think we will all be suffering in January.
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
 
 

ashb

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Post by ashb » Sun Aug 22, 2010 8:02 am
I agree with you Kallis, Aas you can see I am a bit frustrated because we should be all given a bit more to take on the higher costs that are going to hit us all soon but we have to go through hoops to beg to get a measley few extra pounds, sureley if we are not abloe to live or eat on the budgets we have to survive on then I would imagine lots of people will fail the IVA and whats more frustrating is the IV Firms and Ips know this is going to happen yet they only act reactivley and not proactivley knowing the higher costs are going to hit- another 48 months of this !!
 
 

kallis3

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Post by kallis3 » Sun Aug 22, 2010 8:16 am
You will have to put it down in your I&E as most of us will have to.

I'm glad that it will be at the time of council tax payment breaks so I can sort myself out.

It might be that after that it's a case of buying more Value brands!
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
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