I am already in an IVA Yes.. I already work for the company and have done for some time, they have now asked me to become a director. My financial situation will not change only my status within the company. I do feel, however that an IVA is very restrictive for anyone who is interested in improving...

Welcome finance stink !!!!! I have been in an iva over 3 years and still get letters from them saying i have missed payments.. I also note that all my creditors who are in my IVA have posted default on my credit file except WELCOME FINANCE. I can see a problem when my IVA finishes as a default stays...

I have been asked to become a director of an existing limited company.. It is a great opportunity however i am very worried about the following. 1. Can i become a director in an iva? 2. Will i be able to sign a bank mandate, will this affect the companies current bank facities, overdrafts etc ? 3. T...

GOOD NEWS

Today received my co-op VISA DEBIT CARD !

YES VISA DEBIT CARD !!!!!!!!

Apparently all cards issued are now visa debit as they are no longer using visa electron according to the leaflet enclosed.

Im 18 months in my iva and have within the last 2 months recieved :- 3 letters from northern rock 4 letters from welcome finance I have spoken to them both and told them that they should be aware that im in an iva and have agreed to stop correspondance with me. However they say due to a new law they...

I have spent several months cleaning up my Eperian credit report which unbeknown to me had lots of information on there which was incorrect. I have however noted that all my creditors in my iva have defaults against me with corrisponding dates inline with my IVA. All but one WELCOME FINANCE they hav...

I agree with all of your comments. I have spent the last 4 months getting a ccj removed from my credit file which was judged after the creditor had agreed to my IVA, Therefore i settle the debt via my iva and therefore am unable to satisfy a ccj which has been settled via the iva. The whole thing is...

I am currently in an iva and 2 years in and all going well, Until i had a letter from HMRC looking at my self assesment tax returns from 2006/7 2007/8. They have so far informed me that i have been overpaid in my rebate by £2978.00 2007/8 And there is a possibility that i may owe £6129.00 from 2006/...

I know of someone who had a lumpsum iva over two years who's origional debt was over 3 million.

Its a Fact.

I find it unbelievable that being in an IVA can be so restrictive. I have applied to halifax and co-op for the basic account, no credit facility whatsoever and been refused. It is hard to believe that an 11 year old is able to open one of these accounts but just because your in an iva you can't. I t...

so true, but he is in a position to help. I have had 18 months of my iva and all was going fine but then with one thing and another things have gone a bit pair shaped. My work will only last till december if i can sort a few things out and with the credit crunch my type of work is hard to get. Hopef...

No, due to the nature of the work and clients demands they can't trade with me unless im limited therefore i need a business account. I think my only alternative would be to set the company up in my partners name. As the work is high profile and under scrutiny the main contractor stipulates limited ...

I too am in a similar possition, i have been in my iva for 18 months and too work in construction. I am fully aware that come december i will have no work and no income, my partner is in ill health and has been diagnosed with ms. I am not sure how long she will be able to work for and therefore are ...

I have been in an iva for 18 months now and am finding everything ok. However, i am in a position where i need to go self employed but have found it impossible to get a business bank account. I have spoken to natwest re: their foundation account but was told" this account is for people with bad cred...