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Payment holiday
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I am in dire straits at the moment, I work for the NHS but I also do agency work on a self employed basis to make ends meet, I have worked in my normal job in radiology as a support worker throughout the pandemic but had no agency work, I have an IVA from a previous relationship breakdown and never missed a payment but I am struggling now, I have barely enough to live on at the moment although my agency work is starting up again, could I get a payment holiday from my iva until I get back on my feet, maybe a month or 2.?
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Hi,
Your IP has discretion to reduce payments by up to 15%, not sure if that will be helpful to you or not.
Any further reductions would require a creditors meeting to approve.
Remember, any payments that are not made will be added onto the end of the arrangement.
Don’t struggle, if it’s not affordable tell them so.
Suggest you speak to your IP ASAP.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1
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