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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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Its likely that a court would accept these trigger figures and would make a determination based on those figures. 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. They want to know what level of normality will obtain and how much they will suffer or guidelinds to do without.

Originally posted by pfloyd View Post. PS – this is probably already common knowledge on this site, but nevertheless I thought I would put it up for information purposes and possible discussion. I forgot my password. 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.

Cccx find out more and learn how to manage cookies please read our Cookie and Privacy Policy. They want to know how their family will fare and particularly their dependants.

It could be as little as six months if you can offer a cash lump sum to your creditors. No registered users and 26 guests. On google UK type in ‘cccs guidelines ‘. 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.


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 HP.

Contact Us Terms Go to top. We will delete your user details on cfcs, however, any previously posted user content will remain on the site with your username removed and ‘Guest’ inserted. Remember me Hide my online status this session. 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 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 budhet should they decide to take things to court.

The answers to these sorts of questions are not set down in any one place and it is not easy to determine what expenses will be accepted by creditors and what will not.

Where can I go to see the CCCs budget guidelines for a family ? – IVA Forum Free advice

There are no upfront fees to be paid and if your creditors do not accept your IVA proposal, you pay nothing to the IP. Originally posted by millercc View Post. There is however a blueprint which most creditors say they adhere to in deciding allowable living expenses in IVA proposals. View our Terms and Conditions LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website.


This decision is taken at a meeting of your creditors and it is binding on all of your creditors, even those who abstained and elected not to vote either for or against your proposal.

CCCS budgeting guidelines

What is an IVA? My previous company told me and i suspect they were lying that these are a legally accepted budget guideline. Mobile calls may be cheaper on The trigger figures help creditors and money advisers to identify levels of monthly expenditure which, unless exceeded, will not require comment or explanation. 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.

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 Last edited by Latch Key Kid ; 26th June I’d never heard of the guidelines before starting mine. Login or Sign Up. Want exclusive access to forums, more privacy and a live chat box?

I’m not sure about that either.