At first I was looking at reducing mobile phone contract, sky once contracts are up etc. But then i see posts of other people reducing their bills only for the IVA repayments to go up anyway?
So what i'm saying is, is there any point of trying to now reduce my monthly outgoings further while in my IVA only to have my payments go up at review?
We didnt reduce anything-if anything everything went up during our iva but payment never went down! Try and make savings on non-essential stuff to put a bit aside if things do go up but pointless reducing mobile/tvonce I&E is set up.
Vince_100 wrote:I'm not planning on increasing anything like that. Just seems a bit harsh that if you save yourself X amount a month for it just to be added on at review
Really no harsher than your creditors having to get back a fraction of what they lent you in good faith. The object of an IVA is to allow you to pay back as much as possible whilst still being able to survive, not to get away with paying as little as possible.
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