IVA payment increase

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Post by paul751 » Tue Jan 01, 2019 7:00 pm
im paying 100 a month for my debt wich is a total of 13000 after is this right end of my first year they want me to pay 240 a month is that right ive all so been contacted bye another company they will not put my fees up at the end of the first year please email only please my iva is with hanover


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Post by kallis3 » Tue Jan 01, 2019 7:23 pm
Why has another company contacted you?
Sharing from experiences of dealing with debt
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Post by Foggy » Tue Jan 01, 2019 8:14 pm
They have done a review and decided that your disposable income has increased, either by your income having gone up, or your expenses having gone down. Ask them to explain their calculations. This "other company" --- who are they ? They cannot do anything for you as you are legally bound by your IVA. If you allow this to fail you will be back to square one with no guarantee that they will be able to help you.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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