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50k in redit card debt
fireplace123
Posts: 1 Newbie
just sold my house at auction made 8k, will they take this from me when I go for IVA? (50k credit card debt)
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Comments
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Regardless of whether they'll take it from you, you should put it straight towards your debt yourself. Woohoo, you've made £8,000. You still owe £50,000, just put it towards paying it off.Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0 -
You can tell a lot about a woman by her hands..........for instance, if they are placed around your throat, she's probably slightly upset.
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Remember that if you're telling the card companies (through the IVA) that you can't afford to pay, but you're sitting on £8000, that could be seen as fraud.
Let's say you've got 10 cards, and you owe each one £5000.
What will the boss of ABC Bank think, if you told him that you owe him £5000, you've got £8000 in the bank, but you're going to get an IVA instead?0
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