Anyone else been sick with worry for IVA review? So my review is coming up soon and I am sick with worry thinking about it. Will my accounts be scrutinised, will all of my outgoing to be frowned upon. I have nothing to hide but cannot help worry that creditfix will put my monthly payments up. Ive been OK during the first year of my IVA journey and actually enjoying not having to rely on credit cards any more. I am just paranoid something will go wrong and my IVA will fail. Did anyone else feel this anxious?
It depends on what your company ask for - usually payslips and bank statements.
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
Yes!! I know exactly what you are feeling, I just had my first review through today, I am with stepchange. I also know what you mean with the enjoying not having credit cards. I felt bad because my bank statement had a £3 gregg's entry on there, the day I forgot to take my lunch to work with me!
It is like MOT day plus plus plus !!! But usually pretty painless. They will not scrutinize every transaction. Thie focus will be confirming the big expenses allowed amounts (mortgage, insurance, petrol, utilities) for which, if they are the same as those already agreed, they will probably take your word. They will also want to confirm that all of your income has been accounted for, usually from wage slips or P60, and that you have been paying across the share due from overtime etc.
Your payments will only increase if you have had a pay rise or an allowable expense has gone down.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk