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Latest CCCS budget guidelines published. The UK’s largest debt charity the Consumer Credit Counselling Service (CCCS) has released it. and expenditure? for example, the CCCS advised budget for food . I understand that the April CFS housekeeping trigger figures may. Where can I go to see the CCCs budget guidelines for familys. by Tina Shortland» Wed Jul 27, pm. When you are discussing your.

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Last edited by Latch Key Kid ; 26th June Because every case is different creditors must look at each IVA proposal before deciding how they vote. The answers to these sorts of questions are not set down in any one place and it is not budet to determine what expenses will be accepted by creditors and what will not.

I’d never heard of the guidelines before starting mine.

CCCS budgeting guidelines

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If your IVA is accepted, all of your creditors must cease recovery actions against you and must, by law, suspend all interest and charges. However if a debt advisor were to offer a creditor an offer in the correct CFS format, with expenditure within the accepted trigger figures, and this were rejected, then this would not look good on the creditor should they decide to take things to court.

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Creditors ‘should’ do many things, like adhere to OFT guidelines on debt collection, like treating customers fairly, like ensuring that mis-selling and misrepresentation of financial products does not occur Good luck and thanks very much.


The debt remedy is confidential and you don’t put your name or address on, just all of your income, expenditure and debt details.

Always seek professional advice. Many people surf the web to try and find out about IVAs before taking the plunge of going to see an insolvency professional. Ultimately it is the creditors who will decide whether or not the expenditure is allowable and if they don’t agree with it then it will have to be lowered or got rid of.

They want to know what level of normality will obtain and how much they will suffer or have to do without. Login or Sign Up. Remember they are guidlines, so they are not set in stone.

One of the bucget common queries that people have is how much they will be allowed to live on if they are insolvent and have to enter into an IVA or indeed go bankrupt. The IP assumes all contact with your creditors on your behalf and makes the payments to your creditors out of the monies you pay into your IVA.

joni :: Cccs budget guidelines report

This disposable income is the payment you make each month to guidelinew IVA and which is used to pay your unsecured creditors and to fund the administration costs of your IVA. You need to have a regular source of income and have a reasonable amount of disposable income left over after taking into account your normal living expenses and the amount you need to keep back to service your secured debts such as your mortgage and car Yuidelines.


No registered users and 26 guests. Find a Law Firm. Before we look at the detailed expenses allowed by creditors in an IVA it is worthwhile to remind ourselves in simple terms what an IVA is and look briefly how it works.

However, this depends on your Insolvency practitioner. These guidelines set out the maximum and minimum amounts which a debtor proposing an IVA may claim in his or her statement of income and expenditure.

IVA Living Expenses – Part 1

Fees and key info Complaints procedure. My previous company told me and i suspect they were lying that these are a legally accepted budget guideline. It is our job to properly assess our clients expenditure, and jistify those levels to creditors.

Agree with Foggy – you need to put down exactly what you spend and your IP will tell you whether or not this is allowable or not. Upgrade to become a bigger part of our community. See more letter templates. Originally posted by millercc View Post. Originally posted by pfloyd View Post.

Last edited by Latch Key Kid ; 27th June There is however a blueprint which most creditors say they adhere to in deciding allowable living expenses in IVA proposals.