www.iva.co.uk

Hi, we have been in an IVA for 8 months now and our first review will not be due until June 2012. Both of us were lucky enough to receive a pay increase in January so our income has gone up. I told Grant Thornton via email and also attached copies of our payslips. I asked them to increase our payments by £50, which is about half of our payrises combined.

I've just received a response from GT, stating" I can confirm that we will review this increase in June 2012 when your income and expenditure review is due to be reviewed, therefore I have not increased your Direct Debit until we complete your income and expenditure review."

Surely, if I've asked them to, they should? I dont want to get dependant on the extra cash now to have it taken away from us at review time! And I REALLY dont want a telling off at our first review!

See if they will take the extra money as a voluntary additional payment. Else stick it in a savings account and keep it there until your review and it's there if they request it.

Hi Louise,I believe that if you have had a pay rise, they will workout a sum based on income and expend and basically tell you how much you have to pay and not you telling them what you want to pay...something like that anyway, you never know, they might keep you on the same plan. But don't forget to add extra to expend form as prices also go up!!

Hi,

We have had the same benefit of pay rises during the year but as they were below 10% we didn't have to increase payments and at review our expenditure increaseed due to inflation etc and cancelled out the increased income so our payments remained the same.
We are with cccsva.

Regards,

Hi Lousie - it is normal for them to increase your payments from the next review. If you don't want to get used to the additional money, buy some vouchers or something for Xmas. Don't pay anything additional across now - you may need it later.

GT are almost certainly correct and the money is yours. There may be an increase at the review stage but this is not backdated and regardless your expenses will have increased by this time.