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kma
Junior Member



194 Posts
Posted - 10 November 2008 :  22:13:59  Show Profile  Reply with Quote
Hi Everyone, just a quick question. My IPA has been agreed and I have been paying it now for 4 months. The OR made it clear to me that I must inform them of any changes to my income - my question however is that my mortgage payment is due to reduce following the bank of england base rate coming down. Do I have to inform them of this also? Thanks

John
New Member



United Kingdom
73 Posts
Posted - 10 November 2008 :  22:38:23  Show Profile  Reply with Quote
Hi

yes it is a legal requirement that you inform the OR of any changes in your income and or expenditure.

www.Bankruptcyhelp.org.uk
0800 078 9367
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jwmc77
Junior Member



United Kingdom
195 Posts
Posted - 10 November 2008 :  23:30:42  Show Profile  Reply with Quote
yeah... the bad news about the interest rate cuts is that people like us will have that little bit extra to hand over to the or.....great!

MAC
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Skippy
forum expert



United Kingdom
3290 Posts
Posted - 11 November 2008 :  11:31:21  Show Profile  Reply with Quote
Don't forget that the prices of other things have gone up.

Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.

View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
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