Annual Review

edited 30 November -1 at 1:00AM in IVA & DRO
2 replies 722 views
ami66ami66 Forumite
118 Posts
edited 30 November -1 at 1:00AM in IVA & DRO
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'. :D

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

PPI Success :- Egg Card - £ 8471.84 ~ HFC Loan - £ 8312.67 ~ Halifax Loan - £ 334.67 :D
DFD ~ Jan 2019 :eek: Christmas 2014 fund ~ £ 150 / £ 500

Replies

  • Depth_ChargeDepth_Charge Forumite
    970 Posts
    500 Posts
    ✭✭✭
    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'. :D

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


    Hi

    Sounds like a very amicable & satisfactory outcome

    Well done and best wishes:)

    DC
  • ami66ami66 Forumite
    118 Posts
    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 :D

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

    PPI Success :- Egg Card - £ 8471.84 ~ HFC Loan - £ 8312.67 ~ Halifax Loan - £ 334.67 :D
    DFD ~ Jan 2019 :eek: Christmas 2014 fund ~ £ 150 / £ 500
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