Annual Review 30 November 2013 at 1:06PM edited 30 November -1 at 1:00AM in IVA & DRO 2 replies 722 views

ami66

Well that was a lot easier than I expected :eek:

Supplied a new I&E, new income is £76 a month higher due to tax codes increases and tax credit increases now there's no overpayment.

Although people in IVA's have said their companies refused any form of increase in expenditure I did increase my dual fuel, council tax and water rates all backed by the bills. I also increased my car breakdown, car insurance and groceries as well as adding a new expenditure for my son's train pass for college.

All the increase were fairly small amounts with £25 for groceries being the biggest increase but it meant I now had a surplus income of £1.76 a month :rotfl:

Sent all the information via email and a couple of hours later got the reply 'thanks all agreed, no increase in your IVA payment is required'.

No questions or arguments, was expecting something much more so feel a little deflated now

Depth_Charge

ami66 wrote: »

Well that was a lot easier than I expected :eek:

Supplied a new I&E, new income is £76 a month higher due to tax codes increases and tax credit increases now there's no overpayment.

Although people in IVA's have said their companies refused any form of increase in expenditure I did increase my dual fuel, council tax and water rates all backed by the bills. I also increased my car breakdown, car insurance and groceries as well as adding a new expenditure for my son's train pass for college.

All the increase were fairly small amounts with £25 for groceries being the biggest increase but it meant I now had a surplus income of £1.76 a month :rotfl:

Sent all the information via email and a couple of hours later got the reply 'thanks all agreed, no increase in your IVA payment is required'.

No questions or arguments, was expecting something much more so feel a little deflated now

Hi

Sounds like a very amicable & satisfactory outcome

Well done and best wishes:)

DC

ami66

Hi DC

Was a most satisfactory outcome, was really expecting the IVA to want at least some of the income increase.

It's a nice feeling to think we've got at least another year bobbing along on a budget we're managing quite well on.

Better still having really learnt a lesson about finances I've actually been saving bits here and there, selling things on ebay, doing surveys and cash back so have £650 saved for christmas presents

Now that's a first for me!! :xmastree: :xmassmile