prepaid credit cards

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crg

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Post by crg » Mon Aug 13, 2007 6:15 am
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is is possible to have a prepaid credit card in an iva, i think its a good idea for emergencies

thanks
crg
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aguise

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Post by aguise » Mon Aug 13, 2007 7:52 am
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Hi Craig
Yes it is ok as it is not credit as you have to put the money on them, its no different to a top up card really.It would be better to call them a pre paid debit card and get rid of the credit bit.



Ang

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Cybus

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Post by Cybus » Mon Aug 13, 2007 9:00 am
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The question someone in an IVA thinking about a pre paid debit card would have to consider is how it would be paid for ???
If someone were to give you such a card then that would be fine



Tell it like it is.
Tell it like it is.
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iva experts

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Post by iva experts » Mon Aug 13, 2007 9:17 am
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Hello crg,

The card you are reffering to is not a credit card as it is your own money that you are using. Therefore because this is not credit you would be allowed to apply for one during an IVA.

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Michelle Pontes
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Oliver

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Post by Oliver » Mon Aug 13, 2007 9:24 am
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This would be fine as the funds need to be put on the card before it can be used.

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Oliver

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Adam Davies

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Post by Adam Davies » Mon Aug 13, 2007 10:13 am
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Hi
It would be sensible to have a pre-paid card as you never no when you may be in a situation where you can,t access your cash.
Tesco,s do a "pre paid shopping card" and a pre paid credit card is no different to that.
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