Do I have to pay this extra to my IVA ?

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greglondon81
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by greglondon81 » Thu Mar 02, 2017 9:59 am
Ui.Just start IVA with 308 monthly payment.Do they can in future increase monthlty payment if my circumstances will change.??What is max payment wich can be paid???Thanks.
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Foggy
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by Foggy » Thu Mar 02, 2017 10:03 am
Hi. Yes payments can increase, as detailed in your agreement. Extra payments of overtime and other income has to be paid over, above the normal repayment as do windfalls. If your income increases, so will your payment. There is no maximum.
greglondon81
Posts: 2
by greglondon81 » Thu Mar 02, 2017 10:04 am
Hi.Just start IVA with payment 308 per month.Solary aprox 2000 a month.What if renting of my house will go down for about 600k??Do I have to pay that extra 600 strait to IVA plan?? Many thanks for any answer.Greg
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Foggy
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by Foggy » Thu Mar 02, 2017 10:08 am
As your disposable income increases, so does your payment.
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kallis3
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by kallis3 » Thu Mar 02, 2017 10:14 am
Merged to avoid confusion.
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