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
You are going to have to speak to your IP and explain the loss of wages to them and see what they say. They can usually lower payments by 15% without calling a creditors meeting, otherwise they may have to seek a variation.
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
On the grounds that I think that someone is taking the mickey here, I am locking the thread.
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
