pay as you go credit card is not a form of credit

[Keepingmyheadabovewater]

hi there every body can anybody tell me why on some ivas if you work overtime you must pat 50% of it at net and on some ivas you dont can anybody tell me why
can andy davie help

JOHN

[Keepingmyheadabovewater]

and i would also like to add to that why cant you have private pension with a bank while on a iva and if you have savings account and you close them you must put them into your iva can andy davie help on this subject

JOHN

[MelanieGiles]

Because some creditors like to see this modification and others don't. It's as simple as that really, and there is no reason why you cannot have a pension during and IVA, so long as creditors agree that this is reasonable expenditure. Also if you have money held in savings this is an asset, and if it is not required to meet immediate expenditure it is perfectly fair to accept that creditors will want the money paying over for their benefit.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[Keepingmyheadabovewater]

hi melanie i have a pension with my works which i ip say was fine but cant have a other pension with a bank i was told this before doing my iva they also said to me that while on a iva you cant have a pay as you go credit card as it is a form of credit can you shed anylight on this matter

JOHN

[MelanieGiles]

Your IP has obviously decided that your work pension provision is sufficient for you and that an additional personal pension is an expensive luxury. I would be inclined to agree probably, but difficult to really comment without full knowledge of your case.

A pay as you go credit card is not a form of credit, as you are only spending what you put on the card in the first place - but how would you be able to fund the initial sum to the card whilst in an IVA?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[Keepingmyheadabovewater]

you cant when i went to see a ip adviser he checked to see if i have any credit cards i showed him my pay as you go credit card which was with cashplus he cut it up and said you cant have that its a kind of credit it will remind you of the past getting into debt can you look into the pay as you go credit cards melanie

JOHN

[MelanieGiles]

Perhaps this is because you took advice from an IP "adviser" rather than an insolvency practitioner, John.

If you are referring to the cards where you pay a lump sum up front for convenience, and then use them as you would a credit card, then I can absolutely assure you that this is not a form of credit.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[Skippy]

I have a pre-paid card, which I had during my IVA and now in BR. I would ask the advisor for the fees to have the card re-issued!

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[aguise]

Hi John
I am with the same company and you can have a prepaid credit card as it is not credit .I di ask specifically so maybe they thought you just asked about a credit card.

Ang



Please visit my blog at http://aguise.blogs.iva.co.uk/

[catullus]

Nice dig at IP "advisers " Melanie"!!!!!

I can't imagine what you mean.

I tried to send you an email today thinking I'd get your email address off your website but no joy (understandably)

I'll ring you on Monday

[Keepingmyheadabovewater]

hi ang i will get in touch with cashplus to give me a new card as i said to melanie the ip adviser took it of me and cut it up i might contact my ip about this

JOHN

[aguise]

John when the rep came out to see you was this when they cut it up. I think you will find she thought, as it was with the other cards that it was the same.You cannot distinguish between the look of the cards. I think you will find a lot of people dont even know that they exist .

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[MelanieGiles]

Hi Catallus

You can send me a message via the website, which will bounce throught to me, or ask Admin for my direct e-mail address. Would be great to have a natter about all of the things we are being hit with at the moment!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[Adam Davies]

Hi
I have emailed catullus your direct email Mel
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[MelanieGiles]

Thanks Andy!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk