Get expert opinion. This is the place for new questions to be posted.
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19ryanh93
- Posts: 14
- Joined: Fri Aug 02, 2019 9:45 pm
Still looking into an IVA and wondered how old does the debt need to be? When I was speaking to step change they asked how old it was.
I have some credit cards which were balance transfer and they are still on 0% does this matter?
Thanks
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Foggy
- Posts: 33396
- Joined: Fri Dec 17, 2010 11:14 am
- Location: United Kingdom
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The main thing they want to know is whether you have gone out in the last couple of months and borrowed a significant amount.
Credit card usage, balance transfer and the like are often used right up to the point you decide on an IVA, in an effort to keep afloat.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
