Justi started an IVA. Overdrawn for 3 days due to an oversight

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Doogs

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Post by Doogs » Sat Jul 16, 2011 3:04 pm
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Hi, i have just started an IVA one month ago and went £200 overdrawn recently for 3 days due to an oversight. The overdrawn amount has been cleared but i am worried the IVA will now fail. I'm not sure what to do or will what happen. Any advice would be greatly appreciated.
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Shining

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Post by Shining » Sat Jul 16, 2011 3:06 pm
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Hi doogs and welcome to the forum. Your IVA won't fail because of your oversight. It's cleared now and we are all human and make mistakes.

Hopefully the budget will be better this month.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Foggy

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Post by Foggy » Sat Jul 16, 2011 3:21 pm
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Hi Doogs, as Lesley rightfully says .. all will be well. But .... there shouldn't be an overdraft facility on your account ... or was this unauthorised ??
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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plasticdaft

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Post by plasticdaft » Sat Jul 16, 2011 3:39 pm
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The overdraft should be taken off the account.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Doogs

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Post by Doogs » Sat Jul 16, 2011 4:06 pm
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Hi, Thanks for the response. It was unauthorised as i don't have and overdraft facility. Informed the bank never to allow this again. Ultimately it was my fault which i will not allow to happen again. Should i inform my supervisor on Monday?
Thanks
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Shining

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Post by Shining » Sat Jul 16, 2011 4:40 pm
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I don't think personally there is any need, Doogs, you've made a mistake a genuine mistake that any of us could make and like you say you've instructed the bank not to allow this again so measures are in place for this.

I know it's easy for me to say but try not to worry and if you do feel better informing your IP then do so and I'm sure all will be fine. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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plasticdaft

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Post by plasticdaft » Sat Jul 16, 2011 6:19 pm
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Let your ip know but don't worry about it. Did you get hit with bank charges?

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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kallis3

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Post by kallis3 » Sun Jul 17, 2011 8:37 am
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Hi Doogs and welcome. You will be fine, your IVA won't fail and you'll be back on track before you know it!
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
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Nat12

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Post by Nat12 » Sun Jul 17, 2011 8:14 pm
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I can only speak from my own experience but no credit checks were ever run on me for the duration of my IVA so don't think you will get found out.

Maybe you should speak to them though if you are struggling to manage - perhaps you need to revise your payments.
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