Hi All
My new partner and I are considering living together but firstly need to know the repercussions with regard to my IVA monthly payments. I currently live in rented property and he would potentially be moving in with me.
What would happen if a) he is earning a salary, or b) he's not working but receives disability benefit and housing benefit.
I'd really appreciate advice here as it will obviously influence our decision.
Your partners income would be taken into account for the sharing of household expenses to make sure that you are both paying your fair share. It may mean that your payments could go up if your DI goes up.
Speak to your IP about this and see how it will impact on things.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If the partner has nothing to do with the IVA or the debts then it's a bit unfair if Payplan do that. As long as the household expenses are shared pro rata then that should be it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I am just over 3 years into it.
Interesting what you say about PayPlan. It doesn't seem fair that he should be expected to pay up for mistakes made by me before he was even on the scene, does it?
Maybe we should put it off for a couple of years. Shame though!
If you are with Payplan then you could always speak to your case manager and see what they say about it.
I think it's unfair as well.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
you shouldnt put your life on hold, i live with my partner but i am the one with debt and iva and it works out fine for us but we both work but all the iva company want to see is that we both pay a fair share of the household bills and obviously he has his other finance arrangements that are also considered in the income and expenditure they wont take his money off him to oay your iva please do talk to a few comapanies you will be fine xx
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by kallis3
If the partner has nothing to do with the IVA or the debts then it's a bit unfair if Payplan do that. As long as the household expenses are shared pro rata then that should be it.
I had a bit of a discussion with Nick about this a while back, and he confirmed that they use household income to calculate DI. This was on a thread where the OP was complaining that this had been done to them.
The reason I took it up with him was because I thought it was grossly unfair.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
It's very unfair if the partner is nothing to do with the debt.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
This is a really interesting subject as I have wondered what would happen if I met and decided to move in with someone.
I couldnt imagine having to ask a partner to proivde all the info I did when setting up my IVA!!
How much info is needed when creating a new I&E do they need to see bank statements, wage slips etc as I could imagine that would be quite embarrasing asking your partner to provide all that?
