www.iva.co.uk

What is expected at annual review with credit fix? How many months payslips,bank statements ect will be requested?

Hi,
I’ve just had my first annual review and it was so stress free and easy. They emailed me asking for screen shots of my p60, my last 3 wage slips and my last 3 bank statements. They got back to me within a week of doing this. I was so worried about it for some reason but it was perfectly fine.
Hope this helps!

Thu Mar 04, 2021 7:55 amJo.c89 wrote:

Hi,
I’ve just had my first annual review and it was so stress free and easy. They emailed me asking for screen shots of my p60, my last 3 wage slips and my last 3 bank statements. They got back to me within a week of doing this. I was so worried about it for some reason but it was perfectly fine.
Hope this helps!

Thank you Jo, I'm so nervous about it as mine has only just been accepted and haven't been given much guidance since the iva has been accepted. I've seen a lot of people have been having to give access to their online banking which feels like a massive thing to agree to! I don't know if every case is different or if they have changed these rules.
Can you also advice what you did with any allowance within your budget that you didn't use ? I know that I won't be buying clothes or getting my hair done every month! X

Any unused allowances just save either in a separate account or, as Foggy says, 'Bank of Mattress'. I used a jar to save mine.

Thu Mar 04, 2021 5:13 pmkallis3 wrote:

Any unused allowances just save either in a separate account or, as Foggy says, 'Bank of Mattress'. I used a jar to save mine.

Will I not need to declare any cash withdrawals or do I time this away from my review?

Depends on how much and what you use it for. You may have a large bill for car repairs or the like. I used a debit card to pay for my normal weekly bills and was never questioned about it. You do need to spend money for normal food etc.

Thu Mar 04, 2021 5:09 pmCmb2312 wrote:

Thu Mar 04, 2021 7:55 amJo.c89 wrote:

Hi,
I’ve just had my first annual review and it was so stress free and easy. They emailed me asking for screen shots of my p60, my last 3 wage slips and my last 3 bank statements. They got back to me within a week of doing this. I was so worried about it for some reason but it was perfectly fine.
Hope this helps!

Thank you Jo, I'm so nervous about it as mine has only just been accepted and haven't been given much guidance since the iva has been accepted. I've seen a lot of people have been having to give access to their online banking which feels like a massive thing to agree to! I don't know if every case is different or if they have changed these rules.
Can you also advice what you did with any allowance within your budget that you didn't use ? I know that I won't be buying clothes or getting my hair done every month! X

That’s what I’d read as well but they literally trusted my screen shots of my bank account. Any spare cash I have I withdraw and nothing was questioned. I use my card for most things though because of covid so they saw most of my spending. It’s just been my sons birthday so they saw all the presents I bought and never questioned it!

Thank you all for your guidance x