How should I handle a notice of breach which I have received from IVA company because I have taken out further credit ? I notified the IVA company at the time of taking out the new credit agreement but they are now claiming that they advised me differently.
Can you clarify what the credit was for and the amount?
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
You might have notified them, but did you get agreement in writing ? It is not common for them to allow further credit without good reason.
To rectify the breach you will need to repay the credit and cancel the agreement. Depending on the amounts the IP might allow a break, which you will have to make up later.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
There should be written consent from the supervisor for any credit over £500 and if uyou were given that consent then tell the IP to withdraw the notice of breach. If you do not have the consent in writing you need to find out what went wrong and a meeting with the IP seems appropriate.
Hi If you did get consent from them - send them a copy and tell them they issued the breach in error and ask them to retract it. They should have told you how to rectify the breach in their letter to you about the breach. I suggest you follow Foggys advice in the meantime.