A question regarding my IVA

isey235

Hi All

I am 4 months into am IVA and it's going fine.

My phone contract is up and I am switching to a different company. This will reduce my monthly spend on phone and broadband from approx £85 to approx £45.

Would it be wise to inform my IVA practitioner ? Would they denabd that I pay £40 saving to them ?

Thanks in advance

sourcrates

isey235 wrote: »

Hi All

I am 4 months into am IVA and it's going fine.

M*-*+
one contract is up and I am switching to a different company. This will reduce my monthly spend on phone and broadband from approx £85 to approx £45.

Would it be wise to inform my IVA practitioner ? Would they denabd that I pay £40 saving to them ?

Thanks in advance

Hi,
Such a small decrease, I would not bother, I`m sure you could use the extra £40 yes ?


Your IVA is reviewed on a yearly basis, so your payment will only increase/decrease after your review with your IP.


You should of been made aware of what was to be required of you, before you signed up to the IVA.

longtermplanner

I bet some of your other bills have gone up, so it probably cancels out!