How can they say my wages have doubled

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clare693
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How can they say my wages have doubled

Postby clare693 » Mon Aug 06, 2018 2:03 pm

I am in a iva and I only have a year and half left of my 5 year IVA I am self employed and I send in my bank statements with my wages on I get each month. My wages has never goner up in 3 years but my IVA company are saying my wages have double when they complete there expenses form so there for I need to pay an extra £100 a month. I won't be able to afford this as after I receive my wages I have no money left over I live off my tax credits of £66 a week and that has gone down from £89 to £66.
So how can my IVA say my wages has double from last year??

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Foggy
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Re: How can they say my wages have doubled

Postby Foggy » Mon Aug 06, 2018 2:18 pm

They shouldn't, if they haven't ! Ask them to explain, in detail and in writing, their calculations so you can challenge them.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/

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Lisa Thomas
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Re: How can they say my wages have doubled

Postby Lisa Thomas » Mon Aug 06, 2018 3:34 pm

Are you sure they are saying your wages have doubled?

Are they perhaps saying your expenses have reduced and your surplus income available for contributions has doubled?

You need to get clarification and challenge anything that has been incorrectly calculated.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

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MerlinL14
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Re: How can they say my wages have doubled

Postby MerlinL14 » Mon Aug 06, 2018 6:02 pm

Challenge them Claire, demand you speak with your IP not just one of the desk jockies. You can't be expected to live off nothing.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues


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