problems with my IVA

[jleeper]

Well I spoken to the Iva company, I have to redo my expense and expendisure with proof of what i am spending... then work on a catch up plan...

All good

[kallis3]

Glad you are getting it sorted. Keep posting to let us know how you are getting on.

[Shining]

Glad things are all good for you now. Hope it all works out for you x

[Skippy]

Good luck, I hope things work out for you x

[jleeper]

i have my end of year review, I having my payments reduce by a small amount. I am having an extension of 6mths added at the end of the 5 years..

If i save and spare on expenses is it possible to incease my payment to reduce the extension.. Everywhere i read is i do make extra payments it comes of the total amount and not the divined payments..

[Foggy]

If you have your payments reduced and an extension added, then any extra you are able to make now will simply increase the money to creditors. It would be better not to have the reduction, IF you are comfortable making payments at the current level. However, in difficult months it would be difficult to reduce payments temporarily.

That said, and according to how your proposal is worded, and how your IP is minded, he should have the discretion to reduce payments by up to 15% without extending, unless you have a guaranteed minimum dividend to meet.

Who are you with ?

[jleeper]

i am with freeman jones

[kallis3]

If you increase your payments then I doubt this would decrease your extension - it would just go towards a higher dividend for your creditors.

[Financial Wellness]

Hi jleeper

Just to let you know that I am keeping an eye on this at this end. Hollie will try and get hold of you today with an update - but if you'd prefer to drop her an email that's fine.

Hope that helps,



Ian

[jleeper]

I would like to say thanks, it's all back up and running!

[kallis3]

Glad you're sorted!!