I have 8 months left to run on my IVA (yeah!!!). I have been trying to save small amounts from my monthly allowance and may have enough in a few months to pay the last 2 or 3 months early. Would this be acceptable as I would still be paying the same amount but over a slightly shorter period? Would a...

Thanks everybody.

I really wish that I had used basic pay when applying for the IVA but thought that I was doing the right thing by everyone. Also, I was advised to take an average of my previous 6 months pay by my IVA company. Hindsight is a wonderful thing!

Just one more point please.

When I contacted my IVA company, the advisor led me to believe that I had not been in my IVA long enough to request a variation. Is there a set time that an IVA has to run before a variation can be requested?

Thanks

Thanks for the advice. I will contact my IP again as you suggested. I agree Melanie and in hindsight would have done things differently. However I was trying to be fair to everybody, including creditors. I am not looking for a new job at the moment, David, as I am hoping that this is a temporary sit...

Reduced Pay I hope somebody may be able to offer some advice as I am worried sick. My wife and I were accepted for an IVA last November and have made 3 payments so far. However, as I work in the car industry, my monthly pay has dropped dramatically due to dropping a shift and zero overtime. When we ...

Thanks Julie

Thats really helpful.

Does anybody else have any experience of variation meetings please?
Thanks

Thanks Bryn

Hope it all gets sorted for you.

Thanks very much for your replies.
What does a variation meeting involve? Do we have to pay for it? If the creditors refuse to lower the payments, will that make the IVA fail?
Many thanks, I really appreciate all your help.

We are currently 4 months into an IVA paying over £700 per month. We were fine at first but now my husband has had his hours/pay cut by about £350 per month. Obviously it is now a real struggle. Would we be able to arrange to reduce our monthly payment as our IVA has only been set up recently? Thanks

We are currently 4 months into an IVA paying over £700 per month. We were fine at first but now my husband has had his hours/pay cut by about £350 per month. Obviously it is now a real struggle. Would we be able to arrange to reduce our monthly payment as our IVA has only been set up recently? Thanks

Hi. We've just had our IVA approved which was a great relief. We have a daughter who is at college but has not been able to apply for EMA as our incomes have been too high to qualify. Although our incomes remain the same, we are now paying into the IVA so our disposable income is much lower. Has any...

We are thinking about applying for an IVA and would be grateful for some advice. 1. If we start the application process now, should we still pay the normal monthly payments on our cards ets. at the end of October? 2. Will debt collectors call at the house? 3. Is our house in danger at all? (due to f...