Before taking out new lines of credit which maybe very difficult anyway with an iva recorded against your name you should seek permission of your iva supervisor.
Maybe a payment break would be more suitable depending on reasons for needing the extra money.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Even if you could get credit it would have to be approved by your IP is over £500.
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 need to get IPS approval and its unlikely you'll get a loan from a corporate funder due to your IVA.
Something might be off with your disposable income calculations because:
A) If you can 'easily afford to pay it back' your payments might be a little low and you might find they are increased accordingly at your next review.
B) However if you really need a loan it suggests your payments might be too high as you are not able to afford everything - what do you need the loan for?
