I am not sure as to why they have put me in an IVA as my debt is manageable. I would like to know if i fail the IVA will my wife be able to carry on with hers.
I feel like I will be paying triple the amount of what I have been already.
daimon wrote:We have no joint debts.
The only reason I can see is to include my income but if she had her own iva wouldn't my income have been included anyway as household income.
Usually an IVA is calculated on the debtors income only --- however Payplan do routinely include a partners income as they do work on househgold income. As Keith says .. get them to explain this to you -- it is not right that you should be left in the dark and, frankly, with this level of misunderstanding they should not have continued until you were happy.
Some firms will take the family income even when a party is not liable for the debts which is why people should seek more than one opinion before they decide on which firm to use. Have a look at Payplan's TrustPilot reviews as these may have influenced you had you looked before agreeing to go with them.
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