Annual review question

purpleparrotuk

I am not in an iva but hubby is. My wages are used to pay my share of the household expenses. They used this to work out the disposable income.. The problem is it says in the iva agreement that any increase in wages thus increase in disposable income we have to pay 50% over per month.

I understand doing this with hubby's wages but why do I have to pay 50% of mine across when I am not in the iva? Surely I should pay a smaller percentage across equivalent to what my share of the expenses is. In this case it is around a third.

Just had annual review and they want 50% total off both of us.

FoggyBrain_2

That is incorrect of your IP ---- your income is solely used to ascertain your share of household expenses and you have no other involvement in the IVA. Your money is your own.

Which comapny are you with ?

purpleparrotuk

Payplan. I have emailed them to voice my concern. Both of our wages have changed slightly since taking the iva out so we still probably pay the same proportion to the household expenses. I earn one third and he earns two thirds.

purpleparrotuk

No good. I have to pay the 50% across.

FoggyBrain_2

OK -- Have you spoken to an IP or to an office admin ? I often find that the one differs from the other in their understanding.

POP on over to www.iva.co.uk, Nick Payne, an IP with Payplan posts there, as well as a few other IP's, and might be able to help.

Edit ---- Just noticed .. are you "InDeep"? If so, hopefully Nick will jump in soon.