Andy, Basically my current expenditure sheet is 15 gas 15 elec 40 phone 285 rent 75 student loan 120 food 30 clothes 35 Extras 30 opticians/dentist Reason for increases are as follows I simply cant survive on 120 food impossible as I eat a lot, not luxury food just a good balanced diet! Same with cl...

Yes it is what i spend!
IVA Squirrel does it matter though that my net income has risen by £500 but the increase in my iva repayments will only go up by £150?

Question to anyone really what they think of my proposals. I am in an iva at the moment and take home £1100 and pay £455 into my iva which is a real struggle. However my circumstances are going to change in a few months and so have drawn up an expenditure list that I think will be more realistic. Ju...

Melanie, I hear what you are saying about not signing a proposal that you couldnt keep up but the reason many people get into debt in the first place is because they are unable to accurately predict their out goings and in comings is it not? No matter how hard i try to predict my monthly expenditure...

Monkey, I am in a similiar situation to you my orginal proposal figures are just not enough to live off and i am going to request they are altered as the iva will fail if they arent! Any one had the same problems and if so what was the outcome? Also in your iva proposal can you have an allowance for...

sorry dental includes contact lenses 15 per month, glasses 20 per month, 15 for dentist

Melanie, the only problem if i do spend what i should on food i will take the money from another area of my budget so i'm unable to do that untill i get my pay rise!

Ang off the top of my head £120 food, 50 clothes and toiletries, 25 month dental etc i feel it needs to be more like 250 food, 50 clothes and toiletries, 50 dental

Basically i need to know what is an acceptable amount for food? As these last months i have closly looked at how much i spend on food and i reckon i need at least £250 a month just to survive not eating absolute cheap rubbish but not expensive stuff too!

Thanks for the advice everyone i suppose i just need to chat to my ip and see what they say! Just wondering if anybody has had to increase their living expenses and what the responses from the creditors has been i.e food, i eat alot (not fat either)and the amount i have for food in my current iva is...

Hi Ang,
From what i have read in my paperwork it doesn't say anything about payrises just that they will review annually.It does however say that they want 50% of any over time money

I am struggling along with my iva, however in a couple of months i will be getting a substantial pay rise, firstly do i have to tell my ip about this or do i just wait for my annual review? Secondaly i know my payments will go up and that doesn't bother me however i need to re calculate my living ex...

I haven’t posted on here for a while but I just thought I would just try to pass on information I have learnt (the hard way unfortunately! Loads of people rave about Thomas Charles on here so I decided to go through 'them' for my iva. However I’ve now found out that they are not actually going to do...

Firstly I agree with the 3 of you! Skippy i was considering an iva but the figures the banks expect you to pay back are unrealistic (HSBC and MBNA) and reading your post has almost convinced me that bankruptcy is the best way forward. Does any one know the best way to go about this? Going to try and...

hi elizajo i'm in a similiar situation and i'm being constantly told that an iva is the better option but i'm not sure as i know i'll still have to make repayments but apparently they are less in bankruptcy and you might only have to repay them for 3years so it makes bankruptcy look more attractive ...