can we use credit card once we file for iva

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nsh

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Post by nsh » Sat May 26, 2007 9:44 pm
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does it affect to credit histoy if i file for iva and ..can we use credit card once we file for iva
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MelanieGiles

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Post by MelanieGiles » Sat May 26, 2007 9:52 pm
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Hi nsh

The whole spirit of proposing an IVA to your creditors is that you will not take further credit you will be unable to repay back in full. So the ongoing use of a credit card is not a good idea - unless there are specific circumstances which you will need to discuss with your own IP.

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
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