HELP WITH IVA 😳

Jojowill93

So this is my second year paying my Iva off I’ve just done my review my advisor is now saying if I earn above 1300 per month I have to pay an extra 50% to them (that’s fair enough) how ever my wage goes up and down all year for instance this month I got 950 but last month I got 1450 now if I’d paid the extra to them last month I would’ve been short this month and wouldn’t of been able to pay my Iva . My wage generally averages out at 1230 per month so surely I shouldn’t have to pay in any extra or some months I’m going to be short . Surely I can wait until the end of the year which I my review date average out my wage and pay any difference over the threshold per month then ? Please help I’m stressed to death that this is going to leave me majorly short some months?? 😭😭

ManyWays

Your argument sounds sensible and IVA firms should be used to coping with variable incomes, say you want this reconsidered or you will make a complaint. Has your review also taken into account the bills that will be going up next month, e.g. water, energy, council tax. 

Jojowill93

@ManyWays exactly I can’t possibly pay more and then leave my self nothing for the month after and judging by what a finish on each year I won’t be over the threshold per month once it’s macerated out over the 12 months 🤷‍♀️ I also mentioned that actually and nothing was said in reply to that