www.iva.co.uk

Missed payment - Payplan

I am not sure if this is appropriate and sorry if my question is longwinded but I had asked Payplan if I could delay one of my IVA payments either for the end of February or the end of March. My husband's IVA would still be getting paid. My brother in law is kndly paying for a family holiday for us all. The delayed IVA payment would be used for spending money. I know we should be putting a bit by each month for contingency etc but as things are so expensive this is proving really hard to do.

I will make sure that the IVA payment missed is made up within the next 12 months if that would be ok as I don’t want to tag it on to the end of the IVA. They have basically come back and said no and the tone of the email was a bit strong.

I know I shouldnt be asking but in the last 4 years I have lost my dad, started the IVA and my marriage has also nearly broken up. We are living in a house that is full of damp and no money to get it fixed. My payments at the moment are more than my income and expenditure and I have never asked for a variation meeting as I have rather carried on payment the full amount. We have missed on payment in over three years to pay NPower as we had problems with the electricity. Am I being unreasonable.

Hi Locko - sorry to hear about losing your Dad and the strains on your marriage - that is a lot to deal with. Unforunately, spending money for a holiday is not normally seen as a priority reason for a payment break, even with the stresses you mention. What a more justifiable reason for a payment break is to give you money to get the damp sorted which sounds morel ike a priority for health reasons.

I am unsure also how you would repay the missed payment within 12 months - where would the excess money come from - if you have it by frugal cut backs could you not come to an arrangement with your brother albeit he sounds like he already being generous.

It doesn't sound like Payplan are being unreasonable but with all these things, there are ways of handling things and fair and courteous communcation is key.

Hi Locko,

Unfortunately you won't be able to have a missed payment for a holiday. I've just had a battle to get one sorted for essential boiler repairs.

If you are struggling with payments then you need to sort out a new I&E so that things are affordable for you.

Delaying a payment just to allow you spending money for a holiday would not be seen in a favourable light with any IP, however if you are struggling with your repayments then you need to force a conversation with your IP to restructure your I&E. Don't be fobbed off by whoever answers the phone at Payplan, TELL them you WANT to speak with your IP. It benefits no one if your IVA is left to fail due to bad communication between your IP and you.

Hi

I think under the circumstances a payment DELAY may be acceptable, how soon after the payment is due would you be able to pay ?

IPs can't grant payment breaks to fund holidays but given what has happened and the fact that your brother has funded the cost your actual IP may be sympathetic.

Good luck and enjoy that break

Regards

I would be surprised if they allowed it Andy - it has taken me a while to get Payplan to agree to add the money on over 12 months for essential repairs.

We had never taken a payment break in almost four years and this has been a real struggle.

Hi Everyone, thanks for all your responses. I do understand re the holiday etc and I think it was more the tone of the email that I had received which got to me. I don’t really want to do a new I&E form as I want to try and continue paying what I am especially as I work in the public sector and there are going to be changes with jobs. The missed payment would have been for £220 and I suppose I was just hoping I could have tried to make this up out of my shopping money. Can’t use the money for the damp as I think you are talking a couple of thousand pounds to solve the problem as it’s in a couple of rooms. Thanks again Locko

I do hope you get to go on your holiday Locko as you need it and deserve it. x

Hi Locko - I see - a few £220 missed payments will not cover the damp then - may a couple may buy some products to help with it as a temporary measure until you have full money again.

If you don't need an I&E review but feel with tightening belt on HK for a few months you could save up £220 I go back to my first suggestion - would your brother cover that and you sort out with him separately? I agree with Lesley, it does sound like a break would do you good.

Hi all, thanks again for all your comments. Going to go holiday as he is paying and your right I need a break. Going to try and see if we can patch the damp up with a visit to B&Q, I know this will only be a temporary measure until my IVA has finished but may sort it for a couple of months, hopefully xx

Enjoy your holiday Locko and I hope you can get something sorted out with the damp soon.

Hope you have a grest holiday x