Tread carefully --- not declaring that sort of savings is bordering on fraud. You are stuck with a bombed credit score for 6 years, regardless. You could allow the IVA to fail and then arrange payment of debts privately with creditors -- though they might not co-operate. Bit of a gamble really. I u...

Hi guys, it's my first post on here. I took out an IVA in September. And I had credit card debt with Vanquis, Capital one and PayPal plus my partner she had HSBC overdraft. I didn't have a job at the time, however I did have savings in total of about 5k. I am stingy with my savings and I choose inst...