A loan with LLoyds TSB is one line of credit
A credit card in your name with Lloyds TSB is a second line of credit
A credit card in your partners name (NOT A ADDITIONAL CARD HOLDER)with Lloyds TSB is a third line of credit...........and so on
This is my understanding - when our IVA was approved we had a Natwest overdraft, loan and credit card and they were listed three times with three separate amounts.
Hope this helps
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Surely a credit card in a partners name counts as one line of credit for them, not a third one for you?
For an IVA you need more than one creditor regardless of the number of debts you have with them.
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
Sorry it might be a confusing post - I meant if your partner has a credit card in their own name with a separate account number - not where they are simply additional card holders to the same account.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
I stand by what I said though Lulu. If it is a seperate card in anothers name with a seperate account number, then it has to be a first line of credit for that person with that creditor, not a third line for the original person.
Perhaps if Melanie or one of the other experts is about they can settle this for us?
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
Agreed it is the responsibilty of the original card holder!
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
I rather got the impression that we were talking about seperate accounts. For example, my hubby and I both had HSBC credit cards but they were totally seperate and treated as such.
Perhaps it's just me being thick!
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
It would be good if the original poster came on and clarified things for us.
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
