Iva payment level too much

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1

alex344

User avatar
Posts: 1
Joined: Thu Apr 09, 2020 6:15 pm

Post by alex344 » Thu Apr 09, 2020 6:15 pm
I filled out an IP form and had just under £200 towards my IVA. However, they said my expenditure was too much and I had to pay back £310 each month. They wouldn't budge. We are struggling. We don't have luxuries. I will have to add my kid's student maintenance loan, which he will need every penny of and we won't have anything over to give him. However, I a worried they will upper the payments because of the student loan. It seems they can calculate it how they want and it is not clear what they are doing.

kallis3

User avatar
Forum Expert
Posts: 75936
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Thu Apr 09, 2020 6:56 pm
I would speak to one or two more companies before making a decision. It may be that your expenditure is too high - have they given you any indication as to what expenses they think are too high.
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

Foggy

User avatar
Forum Expert
Posts: 31243
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Apr 09, 2020 6:59 pm
How long have you been in the IVA ? Or are you yet to begin ?

If you haven't started yet, speak to another provider, who may be more sympathetic.

Can you give us an idea of what you have claimed for and we can see if it falls within the guideline figures.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”