Moving overseas with an IVA

beccidbec

We are in first year of our IVA and have opportunity to move overseas. Can we renegotiate our monthly amount to take into account the new currency? Otherwise we'll be paying more than twice the agreed amount which could prove difficult.

Does anyone know what to do here? Any comments or advice is most welcome.

sandralovescats

That doesn't make sense!

A £sterling figure is the same in any currency!


If you are paying £200 per month now, it will still be £200 in the USA, but paid as $370

rog2

beccidbec wrote:

We are in first year of our IVA and have opportunity to move overseas. Can we renegotiate our monthly amount to take into account the new currency? Otherwise we'll be paying more than twice the agreed amount which could prove difficult.

Does anyone know what to do here? Any comments or advice is most welcome.

You should be able to open a Sterling account in most countries, or you could ask your current bank if they have branches in the country you are going to.
Really only difference should be transfer fees, if applicable.