Hi All. Why does IVA proposal say I have to pay more for first 4 months ?

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Debbie.z

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Post by Debbie.z » Tue Nov 15, 2011 8:53 pm
Hi All. Im wondering about why my iva proposal says i have to pay more money for the first, to the fourth month? Is this their nominees and supervisors fee, that im paying before making contributions into the iva?
 
 

kallis3

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Post by kallis3 » Tue Nov 15, 2011 8:56 pm
Hi and welcome.

Have you gone directly to.am ip company or are,you using another firm to sort out the initial paperwork?

Which company are you with?
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
 
 

luluj

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Post by luluj » Tue Nov 15, 2011 8:57 pm
Welcome to the forum...each person's proposal is different and set to their own circumstances - your IP should be able to give you the answer here....don't worry about asking questions, this is what they are for and they should explain this to you if it is not clearly written in your documents !
Good luck and let us know what the reasoning behind is.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
 
 

Foggy

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Post by Foggy » Tue Nov 15, 2011 9:00 pm
Are you self employed ? Or si there a payment (HP or some such) you are making now that will end in a few month ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Gareth

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Post by Gareth » Tue Nov 15, 2011 9:28 pm
Being self employed is the most common reason for this. In your proposal there should be a breakdown of your payments and an explanation of any increase/decrease. I would check this first and if no joy speak to your IVA company who should be able to help.

This should really have been explained to you by your IP
Gareth Buckley
Varden Nuttall
www.vardennuttall.co.uk

Read our reviews here: http://www.iva.com/iva_companies/Varden_Nuttall.asp
 
 

Foggy

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Post by Foggy » Tue Nov 15, 2011 9:46 pm
The timing would be about right for it to be in lieu of tax
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

tonyranks

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Post by tonyranks » Wed Nov 16, 2011 11:04 am
AS I GOT PAY RISES MY PAYMENT CHANGED
time is always the answer, stay focus and you will reach the end all in good time
 
 

kallis3

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Post by kallis3 » Wed Nov 16, 2011 12:15 pm
That would be normal though Tony. This is a bit different I think as it appears that it does relate to self employement
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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