IVA Reduction

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cfc1

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Post by cfc1 » Sun Mar 13, 2011 2:54 pm
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My girlfriend is pregnant and i wondered if there is any scope in an IVA to reduce my monthly payments ? I am currently paying back £511 a month on a 54k debt. Things are ok now but when the baby comes i think that my outgoings may increase. Many thanks
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Shining

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Post by Shining » Sun Mar 13, 2011 2:58 pm
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Firstly congratulations on your news!

I would talk with your IP and see what they have to say for definite. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Broke of London

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Post by Broke of London » Sun Mar 13, 2011 3:00 pm
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Hi and congrats xx Speak to your IP and complete a new income and expenditure form. This should let you know whether you can continue paying anything or need a payment break until your girlfriend is back at work xx
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kallis3

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Post by kallis3 » Sun Mar 13, 2011 3:02 pm
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Congratulations from me as well.

Hopefully your IP can help you out here.
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
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