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Credit in IVA

GMR
GMR Posts: 6 Forumite
in Debt-free wannabe
Hello all.

My partner is currently in an IVA and we're going on holiday in October. Although I doubt he could get credit whilst in an IVA, would the company who look after his IVA find out if he did get a credit card?

I've told him it's not a good idea in the first place to do so and if it's going to jepordise his agreement then he definately won't go ahead with an application.

Any thoughts would be appreciated.

Thanks

Gary

Comments

  • funkyfish586
    funkyfish586 Posts: 553 Forumite
    i personally think its a bad idea as surely credit is the reason he is in the IVA. Also please correct me if im wrong, but if you take credit out whilst on a DMP or IVA it can be seen as fraud as you cant pay it back x
    "Knowledge is knowing that a tomato is a fruit, but Wisdom is knowing not to put it in a fruit salad."
  • funkyfish586
    funkyfish586 Posts: 553 Forumite
    sorry i have found this

    http://www.insolvencyhelpline.co.uk/iva/can-i-apply-for-credit-while-i-am-in-an-iva.php

    whilst its not illigal its not advised
    "Knowledge is knowing that a tomato is a fruit, but Wisdom is knowing not to put it in a fruit salad."
  • immoral_angeluk
    immoral_angeluk Posts: 24,506 Forumite
    10,000 Posts Combo Breaker
    There is usually a clause in your agreement saying that you can't get any more credit. If you do you could jeopardise the whole IVA.
    Don't do it. It's not worth the backlash. And yes, they would be able to find out if they checked your credit files.
    Total 'Failed Business' Debt £29,043
    Que sera, sera. <3
  • Ames
    Ames Posts: 18,459 Forumite
    Is it so he can pay for things abroad? Has he looked into a pre pay one?
    Unless I say otherwise 'you' means the general you not you specifically.
  • GMR
    GMR Posts: 6 Forumite
    Ahh, yeah a pre-pay is a good idea, thank you!

    Yeah it's basically because his card is only for ATM's in UK and I don't want to use my card for everything.

    Thanks for the advice guys. Ill get him to look into that straight away!

    G
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