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Posted: Fri Jun 29, 2012 2:41 pm
by mitch2311
Hi
Just been told my monthly payments on my electric bill are increasing by £17 per month. Do i let my IP know?
Posted: Fri Jun 29, 2012 2:47 pm
by Shining
I would personally but it may not be looked at until your review. Can you cope with the £17 extra payment? x
Posted: Fri Jun 29, 2012 3:01 pm
by Niobe
You can but ask as Lesley says.
Can you manage with the extra payments?
Posted: Fri Jun 29, 2012 5:56 pm
by KAYKAY
Mine was always going up and down. Each review time, I just had to produce the letter I had received from my electric company informing me of the revised monthly payment.
Posted: Fri Jun 29, 2012 7:13 pm
by Broke of London
Defo keep your IP informed of changes. If the £17 is a stretch too far, your IP may be able to reduce your contribution without caling a creditors meeting about it.
Posted: Fri Jun 29, 2012 8:53 pm
by mitch2311
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Harpic
You can but ask as Lesley says.
Can you manage with the extra payments?
Yes can easily cope with them
Posted: Fri Jun 29, 2012 8:55 pm
by Shining
I would probably drop an email to the IP or ring them to put on record and increase your I&E within your next review. x
Posted: Fri Jun 29, 2012 9:40 pm
by KM1512
My rent increased by £35 per month and I have to wait until my review in August before it will be looked at
Posted: Sat Jun 30, 2012 9:17 am
by Rod Newman
My combined electric and gas gone up by £20 a month. Thankfully review is due soon so hopefully will be looked on in a favourable light
Posted: Sat Jun 30, 2012 9:36 am
by plasticdaft
Its always worth letting your IP know but companies vary on when things like this will be dealt with. What you shouldnt do is struggle on if increases in gas and electric etc are stretching the budget too far.
Communication is key to the success of an IVA(that works both ways).
Paul
Posted: Sat Jun 30, 2012 9:42 am
by KAYKAY
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by mitch2311
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Harpic
You can but ask as Lesley says.
Can you manage with the extra payments?
Yes can easily cope with them
You must be very good at budgeting or have very generous allowances.... I know any changes to my bills used to cause me problems in my IVA, at least until review time.
Posted: Sat Jun 30, 2012 9:43 am
by KAYKAY
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Rod Newman
My combined electric and gas gone up by £20 a month. Thankfully review is due soon so hopefully will be looked on in a favourable light
Make sure you keep your correspondence indicating any payment increases/decreases and this should not be a problem.
Posted: Sun Jul 01, 2012 6:28 am
by mitch2311
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by KAYKAY
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by mitch2311
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Harpic
You can but ask as Lesley says.
Can you manage with the extra payments?
Yes can easily cope with them
You must be very good at budgeting or have very generous allowances.... I know any changes to my bills used to cause me problems in my IVA, at least until review time.
We had nearly £3000 paid into our account the day our IVA was agreed so we got a bit of luck. Let the IP know but all was ok
Posted: Sun Jul 01, 2012 9:18 am
by KAYKAY
Wow that was a stroke of luck... well done to your IP for allowing you to keep this. A good contingency fund at the start of an IVA must be a godsend.