Expenditure query

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Mrsfaz

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Post by Mrsfaz » Thu May 09, 2013 10:41 am
Hi All

We can no longer stay in our rented property and are having to live in temporary accommodation while we try to find a decent local house.

If this changes all my expenditures will my payments need to change or do I leave it all as it is until my next review in January 2014.
Last payment December 2019! OMG!
 
 

Shining

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Post by Shining » Thu May 09, 2013 10:45 am
Hi, sorry to read this and hope you find somewhere more permanent very soon.

I would keep your IP in the loop all the way along and not wait until review time.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

Michael Peoples

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Post by Michael Peoples » Thu May 09, 2013 10:48 am
Speak to your IP as you need to make him/her aware of any changes of address and circumstances. You may even get a payment break to raise the deposit and rent in advance for the new property.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

Mrsfaz

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Post by Mrsfaz » Thu May 09, 2013 10:51 am
Thanks for your responses. I am worried my payments will increase if we spend less. I need to stash any money to pay for the move!
Last payment December 2019! OMG!
 
 

Tina Shortland

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Post by Tina Shortland » Thu May 09, 2013 1:59 pm
Hi Mrsfaz speak to your IP asap to explain what is happening and what commitments are going to be required of you. As Michaels says a payment break might be what you need to generate the money for a deposit. If your I&E changes in the short term you IP may not amend your payments for now, only if they are still different at the next review. Your IP will not leave you struggling or put having a roof over your head at risk.

Keep us posted and hope you find a new home soon so you can get settled again.
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.

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Mrsfaz

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Post by Mrsfaz » Thu May 09, 2013 3:51 pm
Thanks Tina :-)
Last payment December 2019! OMG!
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