Hey fi-s, welcome to the forum. If you mean while you are in an IVA, then no, you should ask the back to cancel the facility as it might be too tempting to use it.
Under the terms of the newly introduced IVA Protocol, you only have to get permission for credit over £500 - but I would not want that to be seen as encouraging people in IVAs to extend so far, even if that credit were to be made available to them.
I am with you James. Why would you want credit when you are in an iva?? I know things can get tough when the car needs work for an MOT or the washing machine breaks down,but an overdraft would be far too risky IMO.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
If you've got a full bank account, the majority of banks will offer an overdraft. You just have to be strong and turn it down.
I am so glad I haven't got one, don't intend to have one when I've finished either.
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
I had the option with my new Abbey account of them matching my previous overdraft limit with Natwest - £5000 for heavens sake. Thanks but no thanks. Although possibly they might have viewed it differently if they knew I was in the process of applying for an IVA - they might not have been so keen then [;)]
