As your salary has increased by £500/mth your income and expenditure should be reviewed and adjusted by your IP.
Having been able to save £4000 whilst in an iva indicates to me that your I&E definitely needs to.be reviewed fully.
Let us know how you get on.
Any increase in wages you have had and overtime, bonus payments etc. should have been declared to the IP and around half paid into the IVA. As Luluj says, that level of savings indicates that, either the rises, extra income has been in the region of £8k, or you haven't declared it.
They will want to see where the savings of £4k have come from. If it's from your share of overtime/bonuses etc this will be fine but if it's from a second income you haven't yet disclosed to your IP you may well have to pay this over anyway.
Watch my quick video here on F&F's for more info:
They will be looking at more if you advise the wage increases as you are supposed to do ....... Have you been telling your IP about extra income so far and paying in the IVA share (about half ) ?
Have you also advised them that you haven't been paying rent (which is probably being allowed for in your agreed outgoings) ?
A debt of £13,000 would need something like £19,000 to fully settle at the moment, you have already paid in £6,500 ... so another £12,500 would be required to settle fully -- given this, it will take the 5 years to hit the full repayment figure.
So ... options are to "settle" ---- pay them another £12.5k, make a F&F offer ---- probably around £9k would be looked at seriously, or carry on as you are. In each case your credit files will still be shot until 2022.
N.B This is all assuming that you have been up front and have declared increases in income and decreases in expenditure and paid the agreed extra into the IVA
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