Should I have told IP about the car?

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purple189
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by purple189 » Thu Mar 22, 2018 11:34 am
I am going to be on my 2nd year of my Iva. The reason I seek Iva because I want to save up for a car for it is so difficult without transport. Last year we bought a second hand car I didn’t tell Iva. It’s not that I want to hide it from them but I didn’t think it’s necessary to tell them. Now on the up coming annual review I put car insurance as expenditure. They wanted to call me . My question is did I do anything wrong? By not telling them?.
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Foggy
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by Foggy » Thu Mar 22, 2018 12:01 pm
They will possibly be wondering how you paid for a car and will need to consider if insurance can now be added as an agreed expense. During my IVA I told my IP everything financial, whether they needed to know or not -- just in case.
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Lisa Thomas
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by Lisa Thomas » Thu Mar 22, 2018 12:57 pm
Where did the money come from to buy the car?

This will be the potential issue they want to clarify.
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