HI ALL , thank you for your quick replies

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raymond.w3
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by raymond.w3 » Sun Jan 17, 2010 8:43 pm
HI ALL , thank you for your quick replies but at the moment our iva is being paid on time every month but the wife is worrying about what would happen on the 12 month review if the interest rates were to go up as well as most bills will start going up ie, gas , electric , council tax , petrol , food etc , etc where do people in our situation stand ?.
many thanks raymond.w3

 

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Adam Davies
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by Adam Davies » Sun Jan 17, 2010 9:04 pm
Hi
If your expenditure increases above your income increase then your IP will authorise a payment reduction themselves or through a further creditors meeting.
Regards

 

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MelanieGiles
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by MelanieGiles » Sun Jan 17, 2010 10:29 pm
Try and not worry about things which have not happened yet Raymond. Your IP will be therefore to help you through the review, and to assess whether the payments remain affordable.
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