IPA received, how do I respond?

Good morning/evening (delete where applicable)

I have recently received my income payment agreement and I am unhappy with this, and would like to know how best I should respond.

In short, I have underestimated my expenditures, and it has been proposed that I pay £602 a month for 36 months. In retrospect, I could have handled the telephone interview better but I was awash with nerves.

So do I go in to great detail in my response to the OR, or just simply write a few lines stating I am unhappy and wish to discuss varying the terms?

Cheers now
Andy H

Comments

  • TheGardener
    TheGardener Posts: 3,303
    Name Dropper First Anniversary First Post
    Forumite
    Yes - an IPA is an agreement and if you feel the calculations are not correct, you can and should go back to the OR with a revised SOA and ask them to reconsider it. If it helps, you could post an SOA here and we can offer guidance. There is a good calculator here http://www.stoozing.com/calculator/soa.php that has a formatting button at the end for posting on this forum.
  • Thanks very much for your input.

    I managed to negotiate down my payments to a more manageable level.
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