my working tax credit has fallen by £50 per week

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rodmunch

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Post by rodmunch » Thu Aug 12, 2010 8:46 pm
my working tax credit has fallen by £50 per week but the IVA contacts will not reduce my payments at all and i am struggling. what do i do?
jm
 
 

MelanieGiles

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Post by MelanieGiles » Thu Aug 12, 2010 8:48 pm
How on earth do those people expect you to maintain payments at the contractual level when you have lost £50 of income! Which firm are you with and have you considered trying to speak to your IP directly?
Regards, Melanie Giles, Insolvency Practitioner
 
 

nepensioner

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Post by nepensioner » Thu Aug 12, 2010 8:50 pm
Hi
Why has yor tax cedit reduced so much, did you earn more last year than was estimated, also do check that they are using correct estimated income for this current tax year, you will find this on your award notices
F & F Accepted 19th Oct 2010
 
 

Michael Peoples

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Post by Michael Peoples » Fri Aug 13, 2010 9:19 am
It seems a severe drop and check it is not to repay an overpayment. If this is the case the overpayment may be captured by the IVA but this would depend on a number of factors. As Melanie says you should speak to your IP directly.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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