Been a while since I posted on here but am getting but worried about something.
My wife and I are both in an I've. She has just accepted a new job. It means she's going from part time to full time and working nights so it fits around my work. This means wages will go up from roughly £800 per month to I'm guessing it will be about £1500 per month. It's going to be hard work because of the hours and child care etc but whatever extra money we can get helps because although I know it's not supposed to be easy in the Iva, it's actually getting harder and harder to the point we've barely been making it through the month.
She currently pays about £80 a month into her iva. I'm obviously expecting this to go up but will it just be 50% of the extra she earns or basically all of it? The other thing is her iva actually finishes this August so not long to go mine has an extra 12 months, after she finishes paying hers, will all her extra income then go toward mine as well?
Now I have no issue paying what I owe hence struggling through our Iva for the last 5/6 years what worries me is my wife taking this job and things not actually getting better. I have emailed payplan but heard nothing back for the last week and it's beginning to stress me out.
Sorry for the long winded post
Who is onlineUsers browsing this forum: No registered users and 59 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location