IVA payment increase

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paul751
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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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kallis3
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by kallis3 » Tue Jan 01, 2019 7:23 pm
Why has another company contacted you?
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Foggy
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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.
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