IVA Help

jackjones01 · 25 June 2018 at 8:58PM

Hi Everyone

I was wondering if you could help me?

I'm currently in 34k worth of debt and now struggling to meet the monthly minimum payments.

I have been thinking about an IVA however on speaking to PayPlan today with regards to it. I let them know I was in a relationship (only been together a year, however, all is going well).

Having spoken to Payplan they want me to disclose his income and outgoings. I thought as it was my debt why? would they want to know? I have spoken to my partner about it but they are not happy about disclosing this information.

Would they refuse an IVA if the information was not disclosed?

What should I or can I do?

Thanks in advance.

National_Debtline · 26 June 2018 at 1:03PM

Hi Jack

Are you living with your partner? If so, you will be asked to provide details of their income and all of the household outgoings to ensure you split the household bills fairly and proportionally. Your partner cannot be held liable for your debts so won't have to contribute anything towards them. From the information you provide the IVA company will be able to see how much you personally have available to offer your debts each month.

If your partner declines to give this information it will be down to the IVA company whether they will still arrange an IVA for you, but you may find some decline because they won't know if you are paying a fair share of the household bills.

Best wishes

Susie
@natdebtline

IVA Help

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free