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Am I paying too much into my IVA?
Posted: Thu Mar 12, 2020 3:01 pm
by liz442
I am currently in an IVA with Jarvis insolvency. My initial total debt was 41,329, my repayments are £370. Can you advise if this amount is appropriate to level of debt or does it sound to high a repayment? Also I first signed up with Aperture and was the. Transferred to Jarvis without much explanation however I had already signed all documents.
Many thanks
Re: <t>Am I paying too much into my IVA?</t>
Posted: Thu Mar 12, 2020 3:30 pm
by kallis3
It will have been sorted out on your affordability and your amount of debt plus fees. You will always owe the full amount of your debt until your IVA is finished.
Re: <t>Am I paying too much into my IVA?</t>
Posted: Thu Mar 12, 2020 3:50 pm
by Foggy
The payment amount has no relationship to the debt amount. In every case it is simply your net income, less allowed living expenses.
Re: <t>Am I paying too much into my IVA?</t>
Posted: Fri Mar 13, 2020 10:12 am
by Lisa Thomas
It depends on what your disposable income is, after allowing for reasonable living expenses.
Every case is individual.
Re: <t>Am I paying too much into my IVA?</t>
Posted: Wed May 20, 2020 8:59 am
by laura414
We have a similar amount of debt and pay £600 a month so count yourself lucky
