Review

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yellowrose

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Post by yellowrose » Sun Jun 07, 2009 8:45 pm
Hi everyone

I am currently going into my 4th year and just having a review.
IVA has gone really well to date made all payments and over the last few years have been able to pay more each month due to increase in wages ( Now pay £448 started at 278)
My food, house keeping and toiletries allowance is £100 a month (single person) and has been since the beigning, however I am finding this a little tight now would it be unreasonable to put £120 on my review?
I have also found my Bills have increased too, but I am worried I will have to pay more into my IVA.
60 down 0 to go!!!!
IVA completed :)
 
 

kallis3

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Post by kallis3 » Sun Jun 07, 2009 8:48 pm
Glad your IVA is going ok.

Put down exactly what you spend on your I&E. Your IP and the creditors know that things have gone up. You will obviously paying a much higher dividend than when you first started, so I don't think you will have a problem.
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
 
 

yellowrose

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Post by yellowrose » Sun Jun 07, 2009 8:52 pm
Thank you for your reply, i was hoping that paying more now than when I started would go in my favour but its still a worry
60 down 0 to go!!!!
IVA completed :)
 
 

kallis3

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Post by kallis3 » Sun Jun 07, 2009 8:53 pm
It is a worry, but I'm sure you will be ok.
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
 
 

tele2002

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Post by tele2002 » Sun Jun 07, 2009 8:56 pm
£100 a month for shopping, ouch, mine was approved at 185 so I don't iss your having a problem.
Approved 3rd June 2009 first payment made on the day.
Offer made and settled - happy days

76.5k debt creditors:- Northern Rock, MBNA, Barclaycard, LloydsTSB and Capital One

G
 
 

MRBLUESKY

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Post by MRBLUESKY » Sun Jun 07, 2009 10:53 pm
hi yellowrose well done with your iva not long to go.regarding your food expenditure your case officer or ip should guide you on your monthly entitlement £100 a month does seem rather small.
 
 

MelanieGiles

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Post by MelanieGiles » Sun Jun 07, 2009 11:16 pm
That allowance is dreadfully low - no wonder you find yourself struggling. Under CCCS guidelines you are allowed up to £195 per month, but I would simply tell your IP what you actually do spend on housekeeping and personal items.
Regards, Melanie Giles, Insolvency Practitioner
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