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Posted: Fri Apr 17, 2009 9:34 am
by trev
i owe approx £100k my IP has come up with a propsal of £455 per month for my iva does this sound about right?
Posted: Fri Apr 17, 2009 9:36 am
by marksam1
EACH case is not the same 90,000 ish i pay 546 a month
Posted: Fri Apr 17, 2009 9:43 am
by Beans on Toast
As MarkSam has said, it all depends on your income and expenditure in relation to your debt, everyone has different salaries and outgoings so this is all taken into account.
Posted: Fri Apr 17, 2009 9:44 am
by size5
Good morning and welcome.
The short answer is that if your IP is happy to run with it then he or she must think it stands a good chance of being accepted. There may be other issues to be taken into consideration such as equity, or increase in payments later on when a car HP payment has finished for example which would increase any proposed dividend, so it is difficult to comment more specifically.
I am sure your IP will do the best they can for you.
Regards.
Posted: Fri Apr 17, 2009 10:02 am
by sophierose
on £28000.00 we pay £632.00!!!!!!!
Posted: Fri Apr 17, 2009 10:28 am
by rayb
Your monthly payment all depends on your I & E and your Disposable Income.
Everybodys circumstances are different
Posted: Fri Apr 17, 2009 10:51 am
by Max
I have just received a new tax code this morning - as far as I can see it will give me about £6 per month extra income. My proposals have only just be signed and sent off to Melanie. Do they have to be altered or do I put the £6 per month away (unless it is taken back in the next budget!) and pay it over at review assuming my proposals are accepted? I am very new to this and do not know the rules and regs.
Posted: Fri Apr 17, 2009 10:55 am
by rayb
Hi Elv5,
I cannot see them wanting to take £6.00 off you each month at all so I would not worry about it.
Posted: Fri Apr 17, 2009 11:02 am
by Max
Thank you - probably be taken off at the next budget anyway!! Perhaps the IPs ought to do the country's budget - they would not make the mess that is being made at the moment!
Posted: Fri Apr 17, 2009 11:18 am
by MelanieGiles
I am not too concerned about the £6 David. Use this month increase to buy a lovely bunch of flowers for that lovely wife of yours.
Posted: Fri Apr 17, 2009 11:30 am
by Max
THANKS - Melanie what a great idea. Sorry you have got to wait 5 years for yours= cant afford it at the moment! David
Posted: Fri Apr 17, 2009 3:16 pm
by plasticdaft
Or some nuts for the bird!!!
Posted: Fri Apr 17, 2009 4:55 pm
by kallis3
[:D][:D][:D]
Posted: Fri Apr 17, 2009 5:00 pm
by Max
Too late- my wife has the flowers now - little card marked from" David and Melanie"!!!! It was Melaniw who said it would be ok!!!
Posted: Fri Apr 17, 2009 6:01 pm
by ivas4us
what a nice little suprise for J. I hope it has cheered her up a bit more.