Hi everyone. I am currently in an iva which is due to end in august 2015. the problem is that whilst in the iva I have occured more debts with catalogues which I know is stupid and believe me I beat myself up about this every day but when my kids dad went I couldn't get by and it just escalated. As I said my iva is due to end next year and have been managing to pay the catalogues and the iva. i have stopped using the catalogues and am trying to get them paid of but there is alot on them. Any way I need advice as I am scared that with my iva so close to ending what will happen if my creditors find out I have more credit. I really need advice as everyday I am panicking and suffer anxiety and am on medication for depression please help
Thank you for reply. I have exceeded it a lot and like I said I knock myself about this every single day and am now trying so hard to sort it out. My iva has been extended by 6 months to pay of arrears that happened when it was separated form my ex partner name. Also I got a letter yesterday saying hat it is my annual income and ex check but I went through one in august when it went to my creditors for variation . The variation was accepted and i was told to adjust my standing order to pay out for an extra 6 months which will be august next year to cover the arrears then my iva will end but why are they now saying that I need to another one. my circumstances haven't changed and like i said I went through one in august. i am worried they may want to extend it even further.
It doesn't sound like you have anything to fear from a review of your income and expenditure? You could call them to check that this isn't an error given the recent arrangement put in place though.
You'll appreciate that I cannot tell you that your IVA will not be failed given that you've breached the conditions. I doubt that your IVA provider or creditors will proactively be looking to check into your more recent use of credit though.
Amy Jellings Bright Oak Debt Advice & Debt Management