christmas catalogue

[allen.r]

Hi, I went into an Iva earlier this year and have got a mail order catalogue and a christmas catalogue which I seldomley use and have had both for many years!as its that time of year I wanted to buy a few bits from one or the other and clear the bill once the goods arrive, can anyone pls tell me if this would be breaking any rules?

[aguise]

Hi allen
I cannot see that as being a problem if you are paying for them when they arrive, it could be if you built up a balance and paid it as a credit account, but paying as you say is not really credit.

ang


Please visit my blog at http://aguise.blogs.iva.co.uk/

[zarron]

as long as you pay for them as soon as you get the bill that is ok. you are just not allowed to take out any credit terms with catalogues as then you are breaking the terms of your IVA which does not allow for taking on any form of credit.

i managed to keep my Kays catalogue account as it had a zero balance when my IVA was proposed so every now then buy a few bits and pieces from them and pay as soon as i get the invoice. a long way removed from my pre IVA way of shopping with them when everything went on the maximum number of months!

[skint til payday]

Hi, do you think that If I was to order from my catalogue they would know about my recent iva? and whats the chance of my supervisor finding out? and more importantly would I get into trouble? does anyone else use a catalogue whilst they are doing an iva? im a little sceptical but really would like to place an order for christmas, maybe an ip could answer my questions to put my mind at rest??
Thanks in advance

[Adam Davies]

Hi
If you clear the bill in full when it arrives then there is no problem ordering goods this way.
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

[allen.r]

Thanks Andy for your reply!

[kandh]

We did this a couple of times. One of the things we bought was a washing machine. Ours was on its last legs but we didn't quite have enough money to go out and buy one outright. We ordered one and as it was on a 3 week delivery time, this gave us enough time to save up the rest of hte money to then pay it off as soon as it arrived. It certainly helped us out at the time and still not quite sure how we would have managed it otherwise.

Like others have said, just make sure you pay for your items straightaway and dont use it as a credit facility.

K

[Adam Davies]

Hi
Also there is no problem with renting a tv or washing machine etc,if your budget allows it.The plus side of this,apart from obviously not having to pay the full amount upfront,is that any repairs etc are down to the company that you rent it off and you are not deemed to be taking credit.
I'm not sure how your credit rating will stack up against the acceptance criterea though,may pay to rent just prior to the IVA and have it included in your expeniture.
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

[kandh]

Actually Andy, you have just reminded me. I saw a tv ad last night that was a rental company Bright something or other. They specifically say they dont do credit checks. Will try and dig out the name from the depths of my memory.

[plec]

hi kandh its called bright house

[plec]

just been to sight u cant rent u buy on cedit at a high apr of 29.p%

[kandh]

AH!!!! Thanks plec!! Starting to think I was going mad for a second as I couldn't find it!! Actually doing a search, there are lots of rental places and having a look at their T&C's none of them mention anything about credit checks. They do however require a deposit which I suppose could be quite a substantial sum.

[plec]

its www.brighthouse .co.uk

[plec]

sorry its www.brighthouse.info

[zarron]

just had a look at it.. at 29.9% APR there payments may be affordable but you will be paying them an excessive amount of interest for your purchase! been down that road before and do not ever want to revisit it!