We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
IVA
Options
TraceyJayne49
Posts: 1 Newbie
in IVA & DRO
Can I get credit if I have a IVA?
0
Comments
-
Why would you want to?0
-
I imagine it would depend on the terms of your IVA. Mine (started in 2014) had a clause prohibiting me from taking more than £500 of credit at any time. In the final year, I did get a Vanquis credit card with a £500 limit. So the answer is yes you probably can - but whether or not you should is a whole different question.
0 -
No you cannot, nor should you.TraceyJayne49 said:Can I get credit if I have a IVA?
Hope this helps.0 -
It depends on what the credit is for - I had a car on HP when starting IVA and was allowed to keep it. When car went back my IP allowed me to take credit out for a second hand car (3 years old) as without a car I would lose my job.0
-
WOW nicely done. If only there were older cars that you could of bought for less money.......dizzyblonde82 said:It depends on what the credit is for - I had a car on HP when starting IVA and was allowed to keep it. When car went back my IP allowed me to take credit out for a second hand car (3 years old) as without a car I would lose my job.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards