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Posted: Thu Aug 28, 2008 12:28 pm
by Tangerine
Hi all,
Ok so i now what happens when you come into some money but what if you find yourself with less... im going to have to pay more rent soon and im wondering if my monthly payment will change to reflect that?
has anybody been in this situation? what was the outcome?
Thank you
Posted: Thu Aug 28, 2008 12:33 pm
by worryhead
Hi
I received an extra £40 in my pay pack each month, but my rent went up £100 so they said i do not have to pay anymore into my IVA, but i still Have to use contingencies and some food allowence to cover my rent, my wage will go up again soon so hopefully that will balance everything out [:)]
Posted: Thu Aug 28, 2008 12:42 pm
by Tangerine
Ah so your IVA payment did not actually decrease... mmm this is what i feared. Luckily i might get a payrise in october so like you said this should balance it out. Im going to be shorter on cash until then though...
Thanks
Posted: Thu Aug 28, 2008 1:47 pm
by creditcrunched
hi have a word with your ip he may be able to lower by up to 15% if you are struggling without the need for a meeting
Posted: Thu Aug 28, 2008 2:00 pm
by plasticdaft
Look to possibly lower your payments for a short while and then see if after your pay rise you can settle the balance.