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andrew372 Posts: 1
Joined: Wed Aug 28, 2019 2:04 pm
£5000 been wiped off my debt, due to a car loan, and not being giving the best options for repayment. Should this reduction be reflected in my iva repayments . Aperture stated payments remain the same.
Foggy Posts: 29468
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Aperture are correct --- your payments bear no relationship to your debt level, but are simply the difference between your income and agreed expenditure.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Lisa Thomas Posts: 7465
Joined: Wed Dec 03, 2014 10:26 am
I agree with Foggy - your payments are based on what you can afford to pay back.
This just means creditors will hopefully receive more than originally estimated.
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