We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Question

GMR
GMR Posts: 6 Forumite
Hello all,

Just a quick question. Although I am currently in the middle of an IVA I still have my contract phone. Will the fact that I pay this every month help my credit file improve quicker once my IVA is complete?

Also, off the subject but something I found very strange! I have an HSBC Solo card which I've had for some time. I have been worried as I keep reading that they aren't keen on people in IVAs and often close down accounts. Imagine my surprise when this morning my ne card arrived and it's been changed to a full visa debit card! Don't get it :D

Comments

  • Charco_2
    Charco_2 Posts: 1,677 Forumite
    They're not terribly keen on IVAs alright but remember they're a huge company... their hundreds of thousands of left hands dont know what their hundreds of thousands of right hands are doing!

    (I know it's a debit but it's still important to say it - DONT RUN UP FURTHER DEBT!)
    Would you ask the wolves to look after the sheep?
    CCCS funded by banks
  • GMR
    GMR Posts: 6 Forumite
    Oh there's no way I would. Not in the slightest bit interested in an overdraft etc

    Just nice to have a card that I can actually use everywhere.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.