Debt Advice TV | What is an IVA Annual Review?

You can work overtime but you have to pay 50% of earned overtime into Iva but, at the annual review 100% of the overtime will be used to calculate repayments for the next year, leaving you totally skint, absolute rip off!

SO basically if you enter into an IVA at a low repayment fee you agreed on and your life starts to improve because you have more free money after 1 year they’ll demand more money from you monthly. You could end up paying more back than before you started.

The objective is to see if you have more money so they can steal it, the thiefs

Can you be forced to remortgage at the end of your iva we have 8 months left on our iva and they are saying we may need to remortgage we have agreed to pay extra every month on our plan, we do this by doing overtime , but they are going to penalise us, for doing this , it's just to help get the debt down quicker, please can you give some advice about this , as we do not want to sell out property and cannot afford a remortgage, many thanks x