Effect of new partners income

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

Sarah1967

User avatar
Posts: 193
Joined: Tue Jul 19, 2011 9:13 am
Location: United Kingdom
Post by Sarah1967 » Mon Jan 02, 2012 7:15 pm
Quote
Hi everyone

Happy new year!

Got a question.............. if I were to eventually live with a new partner, how would his income effect my IVA? Would he have to help pay? Sorry if this has been asked before, but I can't remember the rules

Thanks [8D]
Today (15/09/11) I start my journey to a debt free future ~ happy days!
Top
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:
Post by Shining » Mon Jan 02, 2012 7:20 pm
Quote
No, he wouldn't have to pay but they may ask for his income details to verify that he is paying his share towards utilities etc., as sometimes two can live cheaper than one it may free up some additional disposable income to pay into the IVA but he definitely wouldn't pay towards your IVA. Some posters have been know to lodge as such with a proper rent book etc., (I'm sure I've read that). x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Top
 
 

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Mon Jan 02, 2012 7:25 pm
Quote
I have read that too Lesley !
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Mon Jan 02, 2012 7:28 pm
Quote
It might depend on who your company is. I know Payplan operate on a household income basis to calculate DI (whether they apply that retrospectively I don't know.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
 
 

Sarah1967

User avatar
Posts: 193
Joined: Tue Jul 19, 2011 9:13 am
Location: United Kingdom
Post by Sarah1967 » Mon Jan 02, 2012 7:38 pm
Quote
I'm with Mel, so it would be good for her to advise me if she comes online. It's not definate yet, but i'd just like to know for the future :)
Today (15/09/11) I start my journey to a debt free future ~ happy days!
Top
 
 

Shining

User avatar
Posts: 27019
Joined: Thu Sep 20, 2007 8:57 am
Location:
Post by Shining » Mon Jan 02, 2012 7:46 pm
Quote
Mel will give excellent definitive advice as per usual, all the best for the future x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Top
 
 

Sarah1967

User avatar
Posts: 193
Joined: Tue Jul 19, 2011 9:13 am
Location: United Kingdom
Post by Sarah1967 » Mon Jan 02, 2012 7:51 pm
Quote
Thanks Lesley x
Today (15/09/11) I start my journey to a debt free future ~ happy days!
Top
 
 

plasticdaft

User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom
Post by plasticdaft » Mon Jan 02, 2012 8:25 pm
Quote
Your partners income figure would be used to ensure a fair split of household bills. If the frees up some of your disposable income to go to the iva you may be asked to contribute more.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Top
Post Reply
8 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”