IVA and credit mess up

Can'tsayno Forumite Posts: 3
Fifth Anniversary First Post Combo Breaker
I’m 3 years into my IVA and I have a couple of times taken advantage of the salary sacrifice scheme at work. I’ve kept these to under £500. Declared them and been fine. 

Last year I had a mental blip and took out two. One to replace our dead dishwasher and the other for a Christmas present for my son. I thought these were for £341 and £159. Cutting it fine I know. Turns out I’d taken the second one for £169 and not realised. This takes me over the limit. I’m very concerned as my annual review is due in a few days. 

What’s the most likely outcome?


  • MrFrugalFever
    MrFrugalFever Forumite Posts: 999
    500 Posts Second Anniversary Photogenic Name Dropper
    Doubt anything drastic will happen, depends who your IVA is with, half the time they are too busy to dive that deep in to peoples statements. I think if it was a much larger amount, say £1,169 then you may have to pay more in to the agreement or worst case have a breach marker against you.
    Save £12k in 2023 challenge

    Jan = £715 / £1,000 - Feb = £1,275 / £1,000 - Mar = £400 / £1,000  (fallen behind will make up in April)
    Apr = £ May = £ Jun = £
    Jul = £ Aug = £ Sept = £
    Oct = £ Nov = £ Dec = £

    Saved Total = £2,390 / £12,000
  • sourcrates
    sourcrates Forumite, Ambassador Posts: 27,673
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Don`t panic, if you stop paying your IVA, they don`t get their fee`s, so nothing is going to happen, I doubt anyone will care or even notice it.
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