took out a consolidation loan

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gail.gy

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Post by gail.gy » Tue Jan 19, 2010 10:06 pm
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Head shot!!! With reference to something that Melanie posted, i took out a consolidation loan five and a half months ago which equates to prob a quarter of my total debt. does anyone know if this will go against my app for iva. my head is shot with all this worry!!
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Adam Davies

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Post by Adam Davies » Tue Jan 19, 2010 10:10 pm
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Hi and welcome
If it was to consolidate existing debt with the same creditor then no, I don't think that it will. If it was to consolidate debt from different creditors then possibly the new creditor will reject
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Andam Davies
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size5

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Post by size5 » Tue Jan 19, 2010 11:20 pm
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I would probably agree with that synopsis, with the proviso that if your circumstances had changed since then then a case could be made on that basis.

Consult an IP firm directly, via www.iva.com take time to speak to 2 or 3 firms and then make your next move from there.

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I do not post for anyone other than myself

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MelanieGiles

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Post by MelanieGiles » Wed Jan 20, 2010 2:51 am
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It entirely depends upon the attitude of that particular creditor - there can be no guarantees about anything unfortunately.
Regards, Melanie Giles, Insolvency Practitioner
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