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  • FIRST POST
    • ABW
    • By ABW 3rd Jan 18, 10:14 PM
    • 4Posts
    • 0Thanks
    ABW
    IVA- will PPI Credit check throw up mobile device credit agreement?
    • #1
    • 3rd Jan 18, 10:14 PM
    IVA- will PPI Credit check throw up mobile device credit agreement? 3rd Jan 18 at 10:14 PM
    Hi,

    Please could anyone tell me if having a mobile phone with £270 credit left on the contract to go breach my iva at the last leg?

    The problem Iíve got is Iím nearing end of IVA. PPI company is sniffing around to claim PPI back on behalf of the insolvency firm and I think these companies do credit checks. My mobile contract can be seen on there. I know I must comply with PPI claims but I dinner want to fail now!

    Are they obliged to tell my IP if they find current credit on my file or will they just be interested in the PPI and say nothing?

    If I managed to pay this off by cutting back on other things in the next month or so before competing my iva would any breach be seen as a warning if the credit is no longer outstanding. Iíve never missed a payment into my iva.

    Iím really worried now. It seems the last few months are worse than starting the iva.

    Any ideas would be helpful.

    Thank you
Page 1
    • sourcrates
    • By sourcrates 5th Jan 18, 9:25 PM
    • 13,056 Posts
    • 12,366 Thanks
    sourcrates
    • #2
    • 5th Jan 18, 9:25 PM
    • #2
    • 5th Jan 18, 9:25 PM
    Hi,

    One has absolutely nothing to do with the other.

    You are seriously overthinking this, no one will tell anyone, anything.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
    • PrettyKittyKat
    • By PrettyKittyKat 5th Jan 18, 10:13 PM
    • 147 Posts
    • 225 Thanks
    PrettyKittyKat
    • #3
    • 5th Jan 18, 10:13 PM
    • #3
    • 5th Jan 18, 10:13 PM
    Unless there is a modification stating otherwise I think most IVAs have the term that you are able to have credit up to £500. Credit over £500 is allowed at the IPs discretion (e.g credit card for work expenses which work pay back each month is an instance I know of that was allowed).

    Are you behind by £270 or are you saying that the contract still have x months left at £x per month which totals £270? An IP is unlikely to care about an ongoing contract that is up to date. If they do happen to find out that you are behind with your mobile contract they will want to know you have a repayment plan in place. It is highly unlikely an IP would fail an IVA purely on the basis that you had a mobile phone contract, even if you are behind by £270.
    • ABW
    • By ABW 6th Jan 18, 9:50 PM
    • 4 Posts
    • 0 Thanks
    ABW
    • #4
    • 6th Jan 18, 9:50 PM
    • #4
    • 6th Jan 18, 9:50 PM
    Hi

    Thank you so much for your replies.

    Sorry I think Iím just worrying that Iím so close to the end that what could go wrong?

    With regards to my contracts, all up to date so no arrears, affordable monthly payments and all running smoothly with my original provider before I went into my iva so I donít think they had ever credit checked me either.

    Itís below £500 and not interfering with iva payments.

    Thanks for putting my mind at rest.
    • sourcrates
    • By sourcrates 7th Jan 18, 5:30 PM
    • 13,056 Posts
    • 12,366 Thanks
    sourcrates
    • #5
    • 7th Jan 18, 5:30 PM
    • #5
    • 7th Jan 18, 5:30 PM
    Hi

    Thank you so much for your replies.

    Sorry I think Iím just worrying that Iím so close to the end that what could go wrong?

    With regards to my contracts, all up to date so no arrears, affordable monthly payments and all running smoothly with my original provider before I went into my iva so I donít think they had ever credit checked me either.

    Itís below £500 and not interfering with iva payments.

    Thanks for putting my mind at rest.
    Originally posted by ABW
    Itís just a part of your normal monthly expenses so perfectly ok.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Legal advice see : http://legalbeagles.info/
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