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Nicola.th
- Posts: 18
- Joined: Sat Nov 17, 2012 1:14 pm
Ive recently taken on a new credit card. Will this affect my application for an IVA
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MrsR
- Posts: 1201
- Joined: Mon Oct 31, 2011 9:30 pm
- Location: United Kingdom
Post
by
MrsR » Sun Mar 17, 2013 10:56 am
Hi there,
Did you know you were financially in trouble before you got the credit card ?
If it is unused, they may request that you close the card down, althogh some companies allow you credit to up to £500 - but this is based on your own IVA proposal wording etc.
Started IVA 27th Feb 2012 - Due to complete 27th Jan 2018 !!
Full & Final submitted and accepted 30th March 2015, paid 10th April 2015 - 3 yrs 1 month into IVA
Completion Certificate received- 30th April 2015!!
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winter_blues
- Posts: 538
- Joined: Wed Sep 29, 2010 10:06 pm
- Location: United Kingdom
It shouldn't do but if you we're to run up a high bill just prior to entering the IVA this could be frowned upon. I had increased my limits on a couple of credit cards just prior to be entering IVA but that was more to do with survival as I was paying one to pay another etc.
Just make sure you mention it when applying for your IVA.
Winter-Blues
