It's my fourth annual review and again i have the long wait for the outcome. I was lucky enough to keep some of my substantial pay rise at my last review.
Last year i asked for my expenditure to be increased but was told this was not allowed due to expenditure being a fixed amount but by keeping some of the pay rise this would cover it.I am worried that i will not be able to keep the extra again at this review so i will face a very tight year as prices have gone up since i started the IVA 4 years ago and they only seem to work on my original I&E.
My mortgage has also gone down a lot due to the interest rate decreases so i do expect to pay more each month.
Always be prepared to stand your ground with your IP if you feel that your requests can be justified - but do bear in mind that your IP also has to justify their position to creditors - so compromise is usually the best strategy when asked to pay a little more.
I think we all have a wibble at review time, I did for my first one, second one coming up for me and I'm sure I'll be nervous but hopefully, mine will go smoothly as yours will.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Our second one is coming up as well. Hope it goes as smoothly as last years did.
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
Thanks for your advice and support.Year 1,2,+3 were fine.There were big changes last year but as i said i was able to keep some of the pay rise to match the increases. I hope they take the same approach this year.I hope your reviews go smoothly too.Thanks again.
Hi
My first review is coming up to. My expenditure is swings and roundabouts, also I don't know about anybody else but I was not thinking clearly when I set up my Iva and some of my figures are a bit low. I can manage to keep my payments the same but not really put them up as my wages have not increased much.
Linda
Mine has arrived today! I'll have a look at the weekend though as with working etc, during the week it's hard to concentrate. I'll have to guess how much the Council Tax is going up as I've not had a new bill yet x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Ours will probably be done over the phone again as it was last year. When, I don't know. Payplan are very busy and our quarterly review dragged on for six weeks.
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
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
