help and advice needed

tatty1985

Hi

i am looking at going into an IVA rather then an DMP as the debt is spiralling as I've been using pay day loans to see me through the month. If I didn't have these to pay then I would be quite well off each month.

However I have a question as I have gave them the figure of my wages as £200 less then what it is as I have a debt with my mum I am paying off at £200 a month only £800 so wont be long before its paid of but was told that the IVA wouldn't take this into account. (I do not want her to know about my financial situation as she has enough on her plate with my younger sister in hospital having major surgery) Do i have to provide any bank statements pay slips etc at the beginning?

I am happy to include this £200 in my payment plan I just want to pay my mum off first.
we are still only in the beginning part of setting it all up and going through the budget.

should I tell them about the £200 in wages and try to work out the figure into something else on the budget?

wages total for me and hubby are £2889.70

mortgage 517 517
building insurance 35
council tax 99.5
gas 50
electricity 120
water 50
tv 12.54
life joint 50
childcare 710.67

arrears
mortgae 49 owed 9000
council tax 152.5 owed 1000
electrictity 0 owed 2700

mobile phone 40

public transport 80
public transport 79.08

housekeeping 350
laudnry 20
clothing 60

contact lenses 30
prescibtions 16.67
hobbies 50
contingency 50

total income 2889.7
total expenditure 2621.97

surplus 267.73
just noticed there is an error with the gas as its 50 a week not a month so will have to speak to them about that again

but do these figures look reasonable for two adults and 17 month old child or should I increase any of them and tell them about the real wage i earn???

Grumpelstiltskin

Tatty Are you still in a DMP with Stepchange?

If so have you spoken to them and what do they advise?

tatty1985

no step change closed my account because i missed a payment on the DMP so I went to Pay plan adn they have advised to go down the IVA Route,

tatty1985

I am going back to them and telling them the truth, I need to get this debt cleared once and for all.