I have been in an IVA for 4 years.

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alison1967

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Post by alison1967 » Tue Sep 28, 2010 7:03 pm
I have been in an IVA for 4 years. My situation has changed and overtime has decreased. When I spoke to an adviser,I was told that I could reduce my payments over a longer period of time or could perhaps get a relative to pay a lump sum to complete early. Surely they are not supposed to do this?? Your views please.
 
 

kallis3

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Post by kallis3 » Tue Sep 28, 2010 7:07 pm
Hi,

If you can find someone to either gift you, or loan you a lump sum to complete your IVA, this is perfectly acceptable.

Have you been struggling with your payments.
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
 
 

alison1967

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Post by alison1967 » Tue Sep 28, 2010 7:26 pm
yes, my husband is disabled and we moved to Scotland to an island just after my IVA was approved. My salary is at the top increment and has been frozen, by the government plans and am worried because of the VAT increase and rising island costs.
 
 

Adam Davies

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Post by Adam Davies » Tue Sep 28, 2010 7:30 pm
Hi
Was overtime used to calculate your base figure going into your IVA ?
There should be no need to extend your IVA just because overtime has stopped
Regards
Andam Davies
 
 

alison1967

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Post by alison1967 » Tue Sep 28, 2010 7:59 pm
not sure. When I first took out IVA was earning a lot because of overtime. Was told that 1/2 would be taken into consideration but seems more. Also rent here is over £300 higher than the previous council property, and my company mysteriously changed to another after about 18 months
 
 

MelanieGiles

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Post by MelanieGiles » Wed Sep 29, 2010 1:31 am
Get the IVA varied to pay affordable payment sfor the remaining term. This ought to be more than acceptable to creditors.
Regards, Melanie Giles, Insolvency Practitioner
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