Hi, I'm 2 years into my IVA and I've just started a new job so I have to do a new I & E but here's the problem. when I took the IVA out my income included overtime but last year the overtime stopped and I was earning less, I was living in shared accommodation but I could not afford my bills so I moved in with my dad, I pay him a lump sum to cover rent and Bills, the amount is less than on my original expenditure but due to less wages I was still keeping up my payments, I notifiyed Payplan about the change of address but didn't notify about any change to my budget as I was no better off. Now I have a new job its less money than my original budget but in reality its more money than ive been coming out with for the last year but now I have to do a new I & E I'm worried that I'm in the wrong and I'm really stressed out about it, whats likely to happen?
I would just do the i/e as your circumstances stand now. Give them the answers they ask for. If you have a larger surplus you will probably have to increase by 50% of The difference. Don't worry too much they generally are after the information that is going to effect the next 12 months when comes to i/e. You've just said you were no better off in real terms so I would relax. I know it's easier said than done. Peoples circumstances change, you've made a sensible decision by lowering your bills in line with your income to maintain payments. That should be looked upon sensibly.
