Thanks for the replies, My annual review is due soon and will probably fall around the same time my income increases so no worries there although I am planning on moving in with my partner so my review is going to be a messy one and will have to include her income ect not looking forward to that but...

Hello, My income is set to increase by £350 per month can anyone advise what additional my IVA agreement will require from that increase? and also if my payment increases can I ask my IP to negotiate a reduction in my IVA by one year as it was set up as a 6 year IVA originally?

thanks

I am with GT and the only contact I have hav in 18 month was from them seding me a copy of a letter they had issued to my creditors saying I had not responded to my annual review, in actual fact they hadnt contacted me!!!! I sent my documents off pay notes P60 ect and havent heard anything since and...

Are there any bonuses which are none declarable to the IP if not guaranteed?

i.e. Basic salary reduced but made up by a company performance/ profit related bounus? or an attendance bonus??

If this is not guaranteed can you just advise the basic salary?

Skippy, yeah I am 15 months into an IVA I am managing with payments what I am struggling with is anything out the ordinary i.e. I have 2 boys so birthdays holidays and I am dreading christmas how do you factor these things in!!??? I am also dissapointed with IP as they did not explain the yearly rev...

I have no assets at all I am just looking at all options to draw a line under the past 7 years and I am considering BR as an option, like I said I feel a little trapped by the fact if your offered a better job you automatically lose 50% of the extra disposable income and in my line of work the incre...

I am just trying to work out my best option as I am unhappy in my current job and I have already turned down a better paid job due to the fact the IVA rules would take 50% on any additional surplus after taking the travel involved ect and the additional pressure in the job I decided to turn it down....

Thanks for the info just to clarify... If I were bankrupt and my income was £1000 per month and I got a new job on £1500 a month my payment would increase but only in the 1st year whatever happens after this the payment amount is fixed until discharged??

Hi, I have a couple of questions with regards income changes 1) If my income was to reduce drastically mid term on my IVA what options do I have if I cannot meet the agreed payment? will they review mid term? 2)If No, and bankruptcy was the only option what are the general rules for bankruptcy? if I...

Hi,

Thanks for the welcome and posts, looks like I will will be applying for a CO-OP account ASAP.

Am I better doing this online or at a branch and openly admitting I am in an IVA?

Thanks,

Andy c

Hi, I am one year into my IVA and the one most frustrating thing is that my new bank HSBC will only give me a hole in the wall card. Do any banks offer people accounts with debit cards? I have tried to explain to the bank I dont want an overdraft ect just a debit card but its a computer that makes t...