Length of IVA??

Charco_2

:eek: tut tut that's cheating! :beer:

judojub

Actually Charco. A couple of the expenditures are more than originally stated. For instance, we put down our childcare as £48 originally. They have put down £70. Should i let them know about these things because I don't want it coming back to bite me in the butt at a later date.

FoggyBrain_2

Judo -- my IP increased some of mine in line with CCCS guidelines, as many people actually underestimate their spends! As long as the proposal is accepted with these amounts there should be no "butt biting" later.
On the childcare front, we put down our amount and told the IP our sprog was starting school in September, so it would go down. He said, "no, it will stay the same. What you are no longer spending on care will be taken up by school expenses and after school clubs, etc". This was actually written in to our proposal, so I will be holding them to it.

Charco_2

Yeah, it's unlikely to bite you in the butt!

At worst, if the IP comes back later and has to increase your monthly repayments, at least you should have some leeway.

judojub

I was just thinking of when it came to annual review. If at my first one, I suddenly don't have a pet anymore( never had one anyways)!! and my youngest also starts school in Sept, they could potentially bump up my payments by £40/50, maybe more! Just couldn't afford for that to happen

EDIT: Scratch this post. Didn't make much sense to me either in the end. LOL