Yes, I totally agree that something has to be done, if your financial circumstances change, then this must be reflected in the amount you can afford to pay, these price hikes, through no fault of your own, affect your budget.
They seem happy to increase amounts if finances change in the opposite direction.
Although IVAS are there to help, and mine has certainly helped me take control of my situation, we still pay for it financially and in terms of restrictions imposed upon you.
The idea that a reduction in payments now could result in a longer IVA term, to me seems absolutely ludicrous and completely unfair. in theory you could be living under the terms of an IVA for 20 years should price hikes continue.
Like Foggy said, people will just go bankrupt
I have actually emailed Stepchange to ask if there will be a review and am waiting for a response.
Thankyou all for replies.