Hi, I’ve entered into an Iva with Logan-Whyte, they really don’t give you much detail and what’s happening. I’ve been reading that you can’t spend anything on ‘luxury or unnecessary’ items, same goes for Holidays. However, as the debts have been paid off and naturally I am left with more money, what am I to do with it? They don’t like you to save it, do I up the amount I am contributing?(£90) . I feel trapped like I can’t do anything, can you offer any advice, thanks, Jack
Your debts will not be paid off until the end of the IVA. You should not have any excess money as all disposable income should have been declared. How do you have any excess money?
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