I posted before about possibly having to move to bankruptcy from my IVA because of additional payments I need to make (yep, my fault for not paying the 50% of additional income when I started getting a better job!!).
Thankfully this doesn´t look like it´s going to happen but now with the increase in my monthly payments to £695 and with an extension to pay off the arrears I´m looking at paying off around £45k by the end of my arrangement.
This is all in line with the terms of my arrangement but my issue is that this is about £5k more than my original debt. Has anyone else been in a situation where there circumstances improve to the extent that they are paying MORE back in their IVA than they owed in the first place???
I know I´m bound by the IVA but just asking to see how common this situation is.