We are in the same boat recovering, our review was due in december, we have called and emailed and have been told they will contact us when they are ready to undertake the review and to not send anything in until we are asked for it.
We have been told there is a backlog they need to work through, but it doesn't make sense to me that people who's review is now or even a few weeks time are having theirs completed on time and others who are way passed the due date are being told to sit it out?!
I am also not happy if they try and change expenditure figures and claiming for things we don't use/need.
Everything on ours was worked out with great detail and we were told if we needed above guidelines for petrol/food etc as long as receipts were provided that was fine!
This does seem a bit odd. The I&E should be compared to the one in the original IVA or previous review and any changes made accordingly. I certainly do not agree with removing legitimate expenses and replacing them with made up ones just to make the figures fit.
Our IVAs state that they will be reviewed in line with the CCCS guidelines so chedck yours to see if Melanie's proposals had the same paragraghs.
When preparing the original IVA I regularly change income and expenditure accounts. Clients will overstate some items and leave others out so there is a bit of a smoothing process to ensure affordability but the overall I&E conforms with the guidelines and reflects the true surplus income. To do wholesale changes during an IVA seems pointless to me when everything can just be updated but also introducing made up expenses can cause problems.
Are clients actually being asked for new figures ? I get the impression that there is no reference at all to the previous figures and amounts are being made up to accord with the final figures required to get the review done and dusted asap.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I see what you mean Foggy. When we are doing a review we send a copy of the previous I&E to the client asking them to make any changes. If CF are not doing this they could effectively be starting from scratch which seems madness when they must have Melanie's IVAs and reviews to compare to.
I have challenged this back but I am really scared I will end up rocking the boat and making things worse for us.
I dont feel like any notice was taken of my I&E and I just kept getting told they had their guidelines. As I previously stated before overall it has left me with the same surplus income but nothing like my I&E
Inter-locking IVA approved 25th Feb 2013 - F&F offer Accepted 06th July 2017 - Completion Certificate received 20th July 2017
Mine is a PJG to CF IVA. In my contract it states that my agreed income and expense account in appendix C is a true reflection and will allow me to complete the term of the arrangement.
But the next paragraph states that income and expenditure will be reviewed annually.
Presumably, the expenses cant be changed much from the starting values without just cause. There is no mention of CCCS guidelines that I can see.
When ours were agreed with PJG I&E was agreed based on what made sense to negotiate the IVA. Only subsequently did we find out about CCCS guidelines and when we made them aware of these they accepted them.
Some of what I hearing is really dodgy from other perspectives e.g. you never state that you smoke on anything especially if you don't. If you do, that should then be declared if you have an insurance policy.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
I do smoke I just never claimed an allowance for it as when my IVA was accepted I stopped and had been a non smoker for the past 2 years it is only since the take over I have started again because of all the stress.
I don't know what to do about this now they have said it is fine I have challenged it back no reply as yet
Inter-locking IVA approved 25th Feb 2013 - F&F offer Accepted 06th July 2017 - Completion Certificate received 20th July 2017
We just had our 4th review (outstanding from october) I was just asked to complete CFs i&e form. I had previously sent an i&e form to PJG, just before the transfer which they had received, and I was just waiting for my review to complete when the transfer happened. CF said they didnt have a copy of this.
Some of our allowances were agreed to be higher than guidelines during the set up of our iva, for exceptional reasons. This was noted in our proposal, and agreed to by creditors. Initially CF, came back and informed me that the i&e amounts had to conform to creditor guidelines. It was only when I challenged back that some of our allowances were agreed to be higher that they went back and had another look at it. I was told that they had changed the amounts back, I have however, not seen a copy of CFs version of my i&e, so no idea if i have extra allowances for smoking etc (which we don't)
Presumably, as its my 4th annual review, I won't have to submit them again though? I also have not seen any review documents, reports to creditors or summary of my account. I'm just counting down to when I'm passed over to the closures team.
Lou74 - a lot of what you have stated mirrors our situation in terms of agreed expenditure e.g. petrol higher because of where we live.
We are just coming up to month 48 and only want to ensure that we get out of this having done our bit.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
I dont agree that they should be changing figures/making things up. A I&E shpuld be reflective and true. We spent a long time getting it right with Mel. Im not happy for CF to go changing the figures to suit their guidelines if itsnot a reflection on our figures and adding things in we dont have because they coukd then turn round next year and say well you dont do that/have that so will then add to iva payment. Michael can they just make up an I&E without consideration of our own figures?
I'm no expert but I would say no they can't just make up an I&E, to my mind your I&E is just that the individual part of the IVA and should reflect what you actually spend. We're always saying this to posters to ensure they get this right in the beginning as it can cause problems later on. However, if the company is then going to amend all your hard work what is the point?
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Ive not done it yet. That joy awaits me in the next few weeks. Review due early April. I wont sign snything thats not right unless very good reason/benefit. We spent a long time getting our I&E accurate, realustic and as true to lufe as possible. Whats the poing in doing a personal I&E if CF ignore it and make it up?
