Spoke to Money plus last night, and they advised that the figures they used was because they had not received my forms for those years, although they confirmed that they had my wage slips which I sent in the same email.
I re sent the emails to them and they advised they would go back and make the adjustment, however it may mean that the contribution should have been more for those years and therefore would mean that I would be in arrears? How can I be in arrears when I have paid them exactly what they have answered.
I am confused - if they had the wage slips presumably they were doing annual reviews and confirming the outcome with you?
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.
If they haven't applied your true figures each year, then I am guessing they would not have taken account of any increase in your expenditure over the same time period either --- I would, at least, negotiate some mitigating expenditure increase to partially offset their figures.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Yes they had the wage slips and the expenditure forms, but I only ever received letters after the first review and the fourth review, nothing was received for year 2 and 3 which is the problem years.
I will ask them for a copy of the annual reports if they have them.
They mentioned a variation meeting with creditors at the end, could they offer my contributions to date as a final settlement.
I ask this as my wife's roll at work is changing and they are making cuts so she will lose about £15,000 a year, which works out to be roughly what we have been paying into the IVA, so effectively we would have no disposable income.
