www.iva.co.uk

Hi Guys,

I have 12 months left to go on my IVA and have my final annual review next month. I am currently paying £1100 per month and am worried this will increase to about £1400 after the review.
After every review I have been told I can not claim any more for living expenses etc, I am still on the same rate as I was when this started in 2007 although my contribution has doubled and I have already paid off more than my creditors initially agreed to.
In the last year my Father lent me money to buy a new scooter to get to work. My old one finally gave up. I had to move home as I was renting and the owner wanted to sell. As my credit rating is obviously shot the only way I could rent again was to pay 6 months rent in advance. Again my Father lent me the money. Will the IVA allow me to repay my Father as he kindly agreed to wait until after my review before I start paying him back?
Any advice would be gratefully received.

Hi and welcome to the forum, unfortunately I don't know what the answer is here, I think that as you are borrowing your dad effectively becomes a creditor, if he gave you the money as a gift for the items then its just classed as a gift.

Am sure there will be someone along that is more expert on this, keep checking back.

That is a disgrace. What justification has your IP given you for not allowing increases in expenditure? How do they justify this against rising inflation, VAT increases and the global fuel crisis?

I thought it was strange. Complete madness!

It is a total disgrace.

Which company are you using? Try and speak directly to the IP rather than one of the office staff.

I am with Synergi who were taken over by clear debt. I will speak (or try to) my IP directly as I believe I have played fair, it would be nice if they did.
Any advice gratefully received please guys

I believe that on the experts page on www.iva.co.uk there is a link to emails for IPs so maybe yours is on there and it might make it easier to get a message through directly that way. Its not something I've looked at but I know that its been mentioned a few times.

Someone from Clear Debt posts on here. I think it is Mike/Size5. You should be able to find his email on the experts page. Definitely worth contacting him if you get no joy from your case manager as he always seems to offer very fair advice. It is quite unrealistic not to allow an increase in living expenses and you've done jolly well to stay the course. Just ask if their own expenses have gone up over the past four years!

You cannot get credit in an IVA without the 'consent' of your supervisor. If you had to buy a new scooter and also move home these are perfectly valid reasons for borrowing money and your father could be paid back. Definitely speak to your IP because you do not want to finish your IVA and still have debts to repay to your father. This would be totally unfair especially given the commitment you have shown to date to the IVA.

Thank you for all your advice guys, it is greatly appreciated. I will keep trying to get hold of my IP and explain the situation to him, hopefully he will be sympathetic.

Do try and email too, I'm sure Mike will be along at some point and see this.