What is normally asked at an annual review

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paddington1

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Post by paddington1 » Mon Nov 05, 2018 2:37 pm
Annual review questions

paddington1

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Joined: Mon Oct 15, 2018 1:04 pm

Post by paddington1 » Mon Nov 05, 2018 3:17 pm
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?

kallis3

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Post by kallis3 » Mon Nov 05, 2018 3:20 pm
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

Mrs_Brown

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Post by Mrs_Brown » Mon Nov 05, 2018 3:21 pm
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!

Lisa Thomas

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Post by Lisa Thomas » Mon Nov 05, 2018 4:04 pm
payslips, bank statements, P60, new Income & expenditure form.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

Foggy

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Post by Foggy » Mon Nov 05, 2018 4:25 pm
It is basically a repeat of your first I&E exercise, where you need to prove income and expenditure.
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

Foggy

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Post by Foggy » Mon Nov 05, 2018 4:39 pm
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
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