I think I may be in breach of my IVA. I'm in my 5th year with about 8 months to go. I've never missed a payment but have taken out 2 credit cards since the IVA started and have additional debt of £4000. I'm ay my wits end, like I was before the IVA started. I'm so scared this will fail. I've cut these cards up now so I can't spend on these. I'm trying to make some extra money by doing car boots and ebay. I'm even prepared to do another 2 years if necessary so this does not fail. Can you give some advise
Paddington1958 wrote:I think I may be in breach of my IVA. I'm in my 5th year with about 8 months to go. I've never missed a payment but have taken out 2 credit cards since the IVA started and have additional debt of £4000. I'm ay my wits end, like I was before the IVA started. I'm so scared this will fail. I've cut these cards up now so I can't spend on these. I'm trying to make some extra money by doing car boots and ebay. I'm even prepared to do another 2 years if necessary so this does not fail. Can you give some advise
Yes, you have breached the IVA. Why have you taken on this additional credit and who with ? Cutting up the cards is a start, but the debt still exists.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I am also surprised you managed to get credit - how much do you owe?
Which company are you with? You need to come clean.
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
