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Childcare 30 Free Hours
Posted: Thu Jul 12, 2018 2:18 pm
by GoonerDad
Have an upcoming saving on childcare (£370 ish) a month. Do I have to inform Creditfix? If so will they put my payment up £370 from £100 to £470?
Wondering whether to try and get family to settle the IVA early before this change of circumstance.
Re: Childcare 30 Free Hours
Posted: Thu Jul 12, 2018 2:44 pm
by MerlinL14
Technically yes, any increase in income or saving from depreciation of an outgoing bill should be paid to the IVA.
Re: Childcare 30 Free Hours
Posted: Thu Jul 12, 2018 3:03 pm
by Foggy
As Merlin says, this "saving" will be added to your disposable income and, therefore, to your IVA payment. If you can get a F&F through, based on the current payment, it will work out a lot less expensive ... but .. there is always a "but" .... CF are currently at odds with creditors over their paperwork and variations such as this are currently on hold ... nobody knows for how long!
Another way of looking at this, if you do get to have to increase your IVA payment ....... you will be no better off, yes, but, you will be no worse off.
Re: Childcare 30 Free Hours
Posted: Wed Aug 15, 2018 5:58 pm
by Francesca
Hi GoonerDad. I am wondering how have you sorted 30h free hours situation with CF? If you could share, as soon I will be in a smiliar position. Thank you