www.iva.co.uk

Hi! We have recently had significant changes to our outgoings which we have informed our case officer of but also are aware that all tax credits are up for review next month. I have a figure that they estimated last review as to what they thought our income would be and this didn't make much difference to the amount we currently get. However from looking through wage slips and totalling up we have had £600 more come in than their estimate as my hours swap and change each month. ( my income had to be worked on an average for IVA ) can anyone shed light as to whether the £600 will make an almighty difference? Thank you in advance. Feel like were struggling more at the minute and moving backwards.

It will depend entirely on the wording of your proposal and whether what you earned exceeds the level at which you contribute extra to the arrangement. If you do need to pay across more, it isn't a big deal. If you don't have the money, they'll come to a repayment arrangement with you.