Just a general question really, I am currently going through "job evaluation" (again) at work and if as I expect (but hope not) my wage was to decrease, how this would effect my monthly payments into my IVA?
Anything that will cause a potential change in your ability to pay your IVA will have to be brought to your IP's attention ASAP so you can discuss the way forward,whether its a reduction in payments and an increase in the length of the IVA. Fingers crossed you wont suffer a loss in income.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Many thanks for all of the replies, I am hoping that it does not come to a reduction but the way things are going I am stealing myself for the worst (also a lot of notices going around as well which is another worry), the decrease would be permanent Melanie but I would rather take a pay cut than lose my job to be honest, I believe that I may be "protected" for a certain length of time which would help but the way they are changing the rules at work at the minute who knows?