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adding on another debt
Just in the process of starting an IVA i have sent all paperwork off ect but its not finalised yet i believe they are waiting to get balances back from all my creditors but i have been really stupid i took out a payday loan over the christmas period and not delcared it for my IVA . I was sure that i would beable to pay back the payday loan back but looking at my budget im going to struggle . payday loan have already starting adding interest i borrowed £300 i now owe £430 . I feel really stupid in telling the people who are setting up my IVA what should i do ?
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Comments
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...in short, you need to tell your company - quickly.
The PDL debt can still be included, whether or not the loan company liked it or not.0 -
Dont be tempted to leave the Payday loan out - tell your IVA company so it can be included in your list of creditors and then you wont have to worry about paying it back.
It can still be added at this stage0
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