I am with DFD and we will have our 4th review in January 2010. Our payments have never increased. We are asked to send in our last 3 payslips, last 3 bank statements, our P60's, and then anything that has an increase of more than 10% I think it is.
Its now time to start living and to make some some wonderful memories!
Read my blog at http://flow13.blogs.iva.co.uk/ 'Aiming for the finish line'
In very basic terms, creditors are interested in whether you have increased surplus to offer to the arrangement. You'll be asked to provide an updated I&E and support with evidence - level of this evidence is at their discretion but they need to meet a reasonable level.
Ask your IPs office now for details of what they expect you to provide and approximately when. When completing a new I&E, refer to the details provided in your proposal - if you've been managing to meet your contributions, this will help you remember what your commitments are. Compare this as well to recent bank statements so that you can see where your living costs have increased.
Your IP is aware of cost of living rises and as Melanie has stated, an increase is generally only requested where there is a considerable change.
Kind regards,
Angela Rosler
Insolvency Manager
Helping people with their debt problems for nearly 10 years.
Contact me directly for free, impartial, confidential help and guidance.
Make sure you put down everything you spend. We compared ours with last years I&E and just put down any increases on top of that.
Our payments were not increased and we didn't have to provide any evidence of increases in expenditure. We're with Payplan.
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Hi Guys and in particular CFC
The annual review with DFD is quite straightforward. All you will need is the last 3 months of payslips and last 3 months of bank statements along with proof of expendituire that has increased by £10 or more (usually this would be gas or electricity).
Remember, if you do have any queries about your annual review, always feel free to call our customer care team who will be happy to discuss any questions you have.
Hi Ladyh
Thank you for your nice comments, I hope to provide whatever help and advice I can. If there are any posters on here who are with DFD, then I would be happy to answere any queries they have, along with anyobody else!
that is very good to hear Declan and very reassuring for anybody that has had thier IVA provided by DFD. Keep up the good work as we can all learn something from everyone on the forum. The annual review is a classic question where individual firms have different approaches and to get the right advice straight from DFD is invaluable.
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