so i originally took an iva with credit fix at 9500, from 13500. the creditors agreed to this and i was to pay around 155 a month for 5 years. About a year ago, with no changes to my circumstances, after i put in my annual review, they upped my charges to 266 a month, increasing my total amount payable to 15600 ish, over 2000 over my original debt. now my partner is being made redundant and we are losing over 1000 a month in income, hence my affordability has now changed, they have asked me to supply another review, which i have already supplied when we found out my partner was getting made redundant. my partner wants to make them a final offer payment of 5000, considering i have already paid over 4000 already, is this an acceptable amount considering the initial agreed amount was 9500, before they raised it to over 15000.
Anything done today has to be based on today's figures, not the old figures. So an offer has to be based on the current payments multiplied by the number of remaining payments.
That said, you could take issue with the last increase --- WHY was your payment increased, if there were no changes ? Argue that to get the payment reduced, and that reduction backdated, so then the excess you have paid will count towards the amount outstanding.
This might take a bit of work as CF are not easy to deal with, most times, (but hey have had their moments).
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