Posted: Mon Jun 02, 2008 4:00 pm
hi all
i am currently in the first year of my iva, my repayments are £510 p/m on a salary of 40k. i maybe moving away to another part of the uk and while im training my salary will go down to 12k for 12 months, 24k after 12 months then 30k after 2 years. my outgoings wont be as much as where i live now but i was wondering what would happen regarding maintaining the current level of payments when my income is drastically reduced.
thanks in advance
r.t
i am currently in the first year of my iva, my repayments are £510 p/m on a salary of 40k. i maybe moving away to another part of the uk and while im training my salary will go down to 12k for 12 months, 24k after 12 months then 30k after 2 years. my outgoings wont be as much as where i live now but i was wondering what would happen regarding maintaining the current level of payments when my income is drastically reduced.
thanks in advance
r.t