WE are currently one year into a five-year IVA programme which we find quite hard. In addition my wife has had to keep up paying a huge monthly sum separately for an ever-increasing repayment rate on a Welcome Finance loan secured on our property. We are truly suffering.Is there any help or advice for us?. We'd be very grateful. Many thanks in advance
Sorry to hear that you are struggling. You need to speak to your IP about this to see if your payments can be reduced if needs be . Have you had your yearly review yet?
Which company are you with?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Hi we are new to this site but have been doing a lot of reading gathering lots of info.We are in the process of getting our IVA through the cccsa.If you are having any problems with the budget or really living off nothing you have to get on the phone to your IP and tell them.From all the posts on here that is a Very important thing to do keeping in touch with the IP and letting them know exactly what is happening ie any finacial changes etc.We have a secured loan with First Plus (3years into) and our payments have stayed the same.Why do yours keep going up?. Good luck and hope it all works out.[:)]
Why are you finding the payments a struggle? Did you put forward your income and expenditure budget to your IP when the proposals were being prepared - and were all of those figures accepted? Or have you suffered from a change of circumstances since the creditors meeting which has affected your disposable income?