will I need to start looking for a new job.

3 posts Page 1 of 1
 
 

r_h

User avatar
Posts: 1
Joined: Wed Jun 27, 2007 9:27 am
Location:

Post by r_h » Wed Jun 27, 2007 9:29 am
I may need to undertake an IVA as my financial position has been affected by some unfortunate events over the last three years, however, my job requires my to use a credit card for the expenses incurred in my job.

is this still possible if I request for an IVA, or will I need to start looking for a new job.
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Wed Jun 27, 2007 11:38 am
Hi rh

Occasionally, there is a business case for allowing a client to retain one source of credit to fund business expenditure. I have this provision on a few of my clients, but this does need to be fully disclosed within the IVA proposal, so that other creditors can see that this creditor is effectively being preferred - but that this is still to their advantage. And of course the credit provider also has to agree.

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
Regards, Melanie Giles, Insolvency Practitioner
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:

Post by Adam Davies » Wed Jun 27, 2007 2:59 pm
Hi
There are now many pre paid cards that do exactly the same as a credit card,you just load money onto them.
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
Andam Davies
3 posts Page 1 of 1
Return to “IVA postbag for june”