Well I have just received my paperwork for the second annual review. I cannot beleive how quickly this has gone. What I wanted to ask is this. The compay I am with is DFD and they have included my original I&E from my original proposal in 2007. I thought they would have incuded last years rather than the original. Is this usual?
I posted this on the wrong topic just before - apologies
As someone who have had a 2nd review with DFD,[still delighted] they do sent you the original I/E....and will compare expenditures from this to the current one you are on.....I was told this.
But there is nothing to be concerned about. They[dfd] will look at how your expenses are in relation your current income.
Do justify all increases in expenditure with proof as they ask for.
Hi Marsha and well come to the forum, congrats on completing your 2nd year of your IVA. I too am with DFD and as you have said they sent the orginal figures that were there at the outset, i have now set up an excel sheet for my own info of my expenses so that it shows my expenses for previous years and subsequent ones too.
Om shanti, namesté, good luck to all who are embarking on the IVA journey, it isn't always an easy one but the outcome is the best.
IVA COMPLETED August 2012, received Completion certificate 18.4.13.
I keep my current income/expenditure on a spreadsheet and as they alter I have have another sheet labelled for the current year and add these amounts in. Fist time I've done it like this and started it due to the fact I had a panic when my first review paperwork was received.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Being with Payplan, I can access ours via Justabank, so I can see exactly what we put at the last review.
A pity more companies don't do something similar.
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
Hi Marsha
The reason for sending out the original income and expenditure is to ascertain how much difference there is to your current income and expenditure to when you entered the IVA.
Previous reviews will always be kept on file and used if needed.
However, when competing a review it is essential we use the original details to compare the current situation to ensure you are able to maintain the original contribution that was agreed at the meeting of creditors. It also aids the reviewer to ascertain a new contribution against the original if necessary (lower or higher).
If you wish to have a copy of the previous year's review this can be issued by request.
Thanks to all of you for the replies. I just wondered why they didn't send last years that's all. I know now so I can relax.
I think annual review time is a bit tetchy for all of us isn't it.
I am earning quite a bit more than I was when I first entered into this IVA but of course everyday items have shot up so much.
I have receipts to show the increases.
Can I ask anyone out there if it is unreasonable to ask for 180.00 a month household and food, I currenty get 150 allowance but I cannot manage on this. I don't eat posh food, just basic stuff. Also I don't have an allowance for dental/optical, should an amount for this be allowed? My contingency allowance is 40.00 a month which I feel is quite low now. I have to say these amounts where set by Clearstart which is the company I was with before DFD. Thanks
hi all
i am just coming up to my first review and have submitted an I+E. i forgot to add in my IVA payment as an expenditure - should i have included it or left it off - if i have added it in, my disposable income becomes a minus!
thanx
