Why do I have to keep sending bank statements in?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1

david990

User avatar
Posts: 1
Joined: Tue Aug 07, 2018 9:04 pm

Post by david990 » Tue Aug 07, 2018 9:04 pm
Why do I have to keep sending bank statements in every 6 months to credit fix when I'm on Universal Credit I'm not on a lot of money and I don't see if I do have any extra money coming in that I have to let them have it as I paid for them to look after the credit and I seem to be robbed blind I wish I had gone through the County Court

kallis3

User avatar
Forum Expert
Posts: 74301
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Tue Aug 07, 2018 10:05 pm
It is part of their terms and conditions.
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

Lisa Thomas

User avatar
Industry Expert
Posts: 7351
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Wed Aug 08, 2018 8:33 am
I presume it's to review your Income & Expenditure - if they haven't explained why then ask them or check your T&Cs.
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

User avatar
Forum Expert
Posts: 28583
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Aug 08, 2018 8:39 am
david990 wrote:
Why do I have to keep sending bank statements in every 6 months to credit fix when I'm on Universal Credit I'm not on a lot of money and I don't see if I do have any extra money coming in that I have to let them have it as I paid for them to look after the credit and I seem to be robbed blind I wish I had gone through the County Court

They need to keep track of your income and, assuming you are in an IVA, not a DMP, any extra coming in is to be shared with your creditors.
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
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”