You cannot use it without the permission of your IP and it should be included, unless there is a very good reason and creditor approval, which is rarely forthcoming.
To not include it could be deemed a breach and the IVA could be failed.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
No, you should not use this card - it should have been included in the IVA.
It could result in some problems if the company find out about it.
Why didn't you include it and why do you feel the need to use it now?
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
Credit up to £500 is not always available, and sometimes only with permission ( check your proposal). However, this is intended to cover things like car insurance and utilities, which are often deemed as credit. In any even this card should be declared and agreement sought to keep it -- but be prepared to lose it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Yes, I completed without any extra credit and it was fine and agree that this card should not be utilised.
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
Look at it this way ... you are entering an IVA ... effectively saying to your creditors " I can't afford to pay what I owe you" ... and, at the same time you are asking another creditor for more money which you KNOW you can't repay.
You could run up the card ( which WILL have to be in the IVA or excluded by your IP) before the creditors meeting, but this is actually fraud.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
You have to declare it if it has a balance and you should not be using it. As foggy says it is fraud.
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
That's the best thing to do but if it has a balance it has to be declared to the creditors.
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
A pre paid card is not a credit card. You cannot spend what is not on there as it's your money. A lot of people have 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
