I have just started IVA (first payment June)

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robbiegooner

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Post by robbiegooner » Fri May 13, 2011 1:07 pm
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I have just started IVA (first payment June)but already there are a number of changes in my life. extra employment is good but has been offset by the requirement for a vehicle and my lodger moving out.Am i entitled to ask for a review incorporating these new details?
thanks.Rob
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MrsKnight

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Post by MrsKnight » Fri May 13, 2011 1:40 pm
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Hi Rob & a warm welcome to the forum.

Things can change at any stage of your IVA & its always best to get onto your IP/IVA firm, they are there to help & support you through your IVA at any stage.
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X



An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt

Lyns x
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liamjames

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Post by liamjames » Fri May 13, 2011 1:41 pm
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Hi Rob and welcome,

You certainly need a review and your IP should take these changes very seriously. Only your IVA company will be able to tell you whether or not these changes require a variation or whether the terms of the IVA can remain the same.

Best of luck and please let us know what your IP says.
Take care,

Liam James
Varden Nuttall
http://www.vardennuttall.co.uk

Read our reviews here: http://www.iva.com/iva_companies/Varden_Nuttall.asp
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robbiegooner

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Post by robbiegooner » Fri May 13, 2011 2:12 pm
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thank you for your replies.
is a variation required if IVA payments increase or only if they decrease from original arrangement ?
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Ivoryfalcon

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Post by Ivoryfalcon » Fri May 13, 2011 2:33 pm
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IP's can generally reduce payments by up to 15% without having to call a variation meeting.

Regards
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