IVA - Change of Address Question

GMR

Hello All

Recently started an IVA which has taken alot of stress from my life and I now actually smile quite alot (which I'm sure my OH appreciates)

I was just wondering.....I currently live with family so my IVA payments are managable however I don't really want to be at home for the next 5 years so does anybody know what would happen if I wanted to move into rented / with a friend. This would increase my Monthly Payments so would my IP look at reducing payments to IVA or would they only do this if I HAD to move out.

Thank you all. Although I have been hiding in the shadows, you guys have really helped me over the last few months and I can finally sleep at night and get on with paying off my debts!

Your most appreciative

G

james32_uk

Speak to your IP as they are being paid thousands to support you through your IVA and should be there to help you. I would expect that a drop in payments would be unlikely to be accepted but maybe you could soak up any future increase in income to service rent payments rather than paying more into your IVA?