Where have these cards come from? They should have been included in the first place and you should not have taken out any additional credit whilst in the IVA.
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
As i understand it if a debt comes to light after the commencement of your IVA then it can be included, however it will then reduce the creditors dividend, therefore your payments would have to increase or the term extended in order to ensure that the agreed level of dividend is met.
I think that within reasonable limits most IP's are pretty understanding and they will advise you as to what you should do.
IVA finished June 2011
"If you listen to people who tell you what's impossible, they're usually the ones who failed" Paul Stanley
Having read previous posts from the OP it would appear that at least one of these has been known about for some time.
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
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Firefox
Hi,
As i understand it if a debt comes to light after the commencement of your IVA then it can be included, however it will then reduce the creditors dividend, therefore your payments would have to increase or the term extended in order to ensure that the agreed level of dividend is met.
I think that within reasonable limits most IP's are pretty understanding and they will advise you as to what you should do.
Only if its written into the iva that a set dividend must be achieved.
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
I think the poster to seek advice from their IP on this matter, as if the credit cards have been in existance all of the time and the balances have increased then there is a breach of IVA terms potentially - equally it maybe that these were honestly not included and in which case their IP will need to see what can be done !
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
