worse of now than i was three years ago.

[taffj]

i am currently on an iva with accuma, have have just been told that my repayments will increase by another £44 per month, they seem to think that i have an additional £88 per month disposable income, despite the fact that i showed on my last review that i had no additional income i earn just under £1000 per month but payout on my iva just short of £500, could i be paying to much (i am starting my fourth year,if i am not happy with my iva supplier can i change to another without affecting the years that i have already paid off, i seem to be worse of now than i was three years ago.

[Adam Davies]

Hi
Has your expenditure decreased ?
You are so close to the end of your IVA so would be a shame to jeopardise it.
You can't change IPs i'm afraid so you need to come to an agreement with your IP,I suggest reviewing your expenditure to make sure that it is correct.
At the end of the day you are required to pay in all of your disposible income and if this is close to £500 on earnings of £1000 then your IP is only following their responsibility.
From the outside it looks a high payment compared to your income
Regards

[taffj]

if i,am starting as i said my fourth year the first of my new payments come out in may, how much longer do i have untill my iva is finished

[pm5]

If you entered a 5 year agreement then it will end after you have made 60 payments.
I agree with Andy, you are so close to the end of your IVA dont jeopardise it & I would certainly check your I & E to make sure you are getting what you are entitled to.

[taffj]

sorry not sure what my I & E are?

[pm5]

Income & Expenditure, in other words you take the amount of net salary you get each month, take away all your everyday expenses as in Gas/ Electric/Rent/ Fuel costs for your car if you have one etc, then add all this up giving a total of how much you spend over the month then what is left over should be the amount that you pay into your IVA.