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Posted: Fri Nov 30, 2007 7:43 pm
by ranger
I am due to start a new job in the new year, conveniently at the same time as my annual review. The new salary is significantly higher than my current salary. I am currently paying 75% of my credit into the IVA, so will probably be able to pay 100% given my new salary, how to i make sure that my 'handler' does not try to take more than 100% of what is owed over the remaining 36 payments?
Posted: Fri Nov 30, 2007 7:55 pm
by MelanieGiles
Hi ranger and welcome to the forum
You will ask them to provide you with a detailed statement of your account now, so that you can work out when your payments ought to cease when the new level of contributions commences.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Posted: Fri Nov 30, 2007 9:45 pm
by Adam Davies
Mel
Catullus stated that even if increased payments meant that the whole debt is paid the monthly payments would continue until the end of year five and then a refund made.
Can you confirm this or does it vary ?
Andy Davie
IVA.co.uk Spokesperson
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Posted: Fri Nov 30, 2007 10:10 pm
by MelanieGiles
What on earth for? Unless there is a requirement to pay statutory interest, what point is there in taking money just to refund it back. Can you post Catullus' link so I can read it.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Posted: Fri Nov 30, 2007 10:36 pm
by Adam Davies
Posted: Fri Nov 30, 2007 11:05 pm
by MelanieGiles
Must have missed that post. I do not concur with Catullus on this occasion, frankly I cannot see why anyone would pay any more than 100p in the £ to get a refund back, but no doubt he will let me know if I have missed something.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp