I am post IVA as well - as use my credit card as my debit card - (never buy anything on line etc with debit card)shopping /petrol etc etc, credit cards offers a whole range of protection, that the debit card does not. As long as you pay it off monthly or as soon as it can be a cheap way of borrowing.
And similar to you Mattyboy - if car/boiler goes - i know i can replace it without concerns there and then .
I think it's fine as long as you have just one card rather than the ten I had before and you don't take a big credit limit. And I agree with ginger the protection it offers can be invaluable, especially if firms go bankrupt.
"Just when you think that you can make ends meet, somebody moves the ends."
Thankyou all for your useful comments. Indeed MBNA we're on of the previous creditors and that thought never crossed my mind. I am after a card to try and improve my credit rating. Have no intention of getting into the mess as before. So Vanquis for a card and then only use it for petrol and pay the balance each month!
I will also check all three of the credit agencies and see what data that have!
Its also worth saying that the old creditors will have their own record on you - and they have them for a minimal 6 years after accounts close, so there is no POINT in going back to ex-creditors, even if all your credit files are clean.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by craigiewicked1
I am going to be completley honest here with you, I do not wish to sound mean but why in the name of christ would you want credit? have you learned nothing during your IVA?? the reason you were in an IVA is because of these b***** credit card companies! stop it, please and what you need save for then you will never have to worry about being in debt again, remember the feeling you had when entering an IVA, all the calls and letters, the hell. stay away from credit and get a b***** grip
thats the key point getting a grip.if you fall off a bike does not mean you never get on one again.its a learning curve and yes i do remember the feelings before an iva but in this day and age you cant do certain things without having some credit facilitys.i defy anybody going through this not to learn from it and in future be a better person for it.if you think you can get by without any credit in the future then good luck.just dont keep on at people who do need it now and again.
cc received 6th January 2014 now upwards and onwards
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by ginger3232
Its also worth saying that the old creditors will have their own record on you - and they have them for a minimal 6 years after accounts close, so there is no POINT in going back to ex-creditors, even if all your credit files are clean.
And these records may well be open to all the subsidiaries in the same group
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by back on track
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by craigiewicked1
I am going to be completley honest here with you, I do not wish to sound mean but why in the name of christ would you want credit? have you learned nothing during your IVA?? the reason you were in an IVA is because of these b***** credit card companies! stop it, please and what you need save for then you will never have to worry about being in debt again, remember the feeling you had when entering an IVA, all the calls and letters, the hell. stay away from credit and get a b***** grip
thats the key point getting a grip.if you fall off a bike does not mean you never get on one again.its a learning curve and yes i do remember the feelings before an iva but in this day and age you cant do certain things without having some credit facilitys.i defy anybody going through this not to learn from it and in future be a better person for it.if you think you can get by without any credit in the future then good luck.just dont keep on at people who do need it now and again.
totally this!!![:D]
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
I'm afraid I don't agree Paul. You can never say that you won't need credit again - it may be for new furniture or a car, mortgage.
As long as you are sensible then what's the problem?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
We all seeming to be forgetting that dreaded word - Mortgage !!! - which most of us will need at sometime in the future! - which is of course a So**ing big amount of credit
Vanquis have excellent customer service as well. That really surprised me, they are much better than the premium card providers I used I use. As I won't be using the card for long term borrowing I'm not going to change when my rating improves. The high APR doesn't matter if you pay it back immediately or very quickly. I'm sticking ith them because thy were there when I really needed it.
"Just when you think that you can make ends meet, somebody moves the ends."
There's also credit checks for renting if you're looking to move at all.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If you feel comfortable with it i would recommend a vanquis card,ive had one for 2 years post iva,the credit limit is a modest £2,000,which ive had to earn,there is credit after a iva and most people respect it.
Well I personally won't be getting a credit card after my IVA, I don't see it as being able to prove anything to myself, my debit card is visa protected anyway so I have all the protection I need without the use of credit, I already have a mortgage I am happy with and the plan is to overpay like mad when I am through the IVA to get the house paid off, anything else I want or need I will save for and the first few months after the IVA will be save enough of a contingency for any emergencies.
It's a case of once bitten twice shy for me, I will never give another penny of my hard earned cash to a credit card company ever again
I don't think you are protected to the same extent as you do with a credit card.
If you are sensible and don't go totally stupid I really cannot see the problem with getting a credit card.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
