So taking that a step further then.
Could I keep my two car payments as they are and offset the fact that my wifes payments are £90 above an acceptable level by reducing my expenses elsewhere?
For example - My Budget sheet would look like this:
Car 1: £341
Car 2: £159
Broadband/telephone package £20
and the budget I submit to my creditors via the IVA guys would look like:
Car 1 £241
Car 2 £159
Broadband package £60
These aren't my actual numbers by the way - its just an example but it demonstrates that I could make exactly the same IVA payment. Have I got that right?
If so then wont someone check that my outgoings are exactly what I tell the IVA guys? I mean the totals will be the same but they will be allocated differently to those numbers on the budget that my IVA guy takes to my creditors. That wont be a problem? I guess I am just unsure of the process.
adam355 wrote:Again, thank you.
If an expense is queried by the creditors is it just a case of me 'rejigging' things?
Also - at no point am I required to provide proof that my outgoings are exactly the same as on my IVA budget?
You will be required to prove any expenses outside the guidelines, which may, or may not, be agreed by the creditors. IP's will also need things like utilities, council tax, mortgage, car insurance verified. This will be repeated on an annual basis (the depth into which they go depending upon the dilligence of your chosen IP). I don't think outgoings ever exactly match the budget ---- they won't scrutinise your shopping bills, for instance. If you have an agreed allowance of, say, £450 and you spend £400 they aren't going to notice. £20 quid (or whatever) a month for haircuts ??? --- they won't be round checking your quiff .... or wanting to see the "dead" newspapers to prove you spent that fiver in Smiths.
My IP was quite "fluid", others maybe not so much.
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