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.
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
