Do I have to pay this extra to my IVA ?

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1
greglondon81
Posts: 2
Joined: Thu Mar 02, 2017 9:20 am
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.
User avatar
Foggy
Forum Expert
Posts: 22865
Joined: Fri Dec 17, 2010 11:14 am
Contact
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
Joined: Thu Mar 02, 2017 9:20 am
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
User avatar
Foggy
Forum Expert
Posts: 22865
Joined: Fri Dec 17, 2010 11:14 am
Contact
by Foggy » Thu Mar 02, 2017 10:08 am
As your disposable income increases, so does your payment.
User avatar
kallis3
Forum Expert
Posts: 71438
Joined: Mon Mar 17, 2008 4:02 pm
Contact
by kallis3 » Thu Mar 02, 2017 10:14 am
Merged to avoid confusion.
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 2 guests