was in an iva,but got discharged through not been able to meet the payments,though been made redundant,ive heard nothing at all for over a year now,and my credit seems to be getting better??,is this normal?
When you say you credits got better - have to signed up to new credit agreements.?
What other arrangements have been made to the previous creditors in the IVA ? - as these things tend to come back and haunt, when you least expecting it to.
ginger3232 wrote:
Hi Robert9 - welcome to the forum
When you say you credits got better - have to signed up to new credit agreements.?
What other arrangements have been made to the previous creditors in the IVA ? - as these things tend to come back and haunt, when you least expecting it to.
ive know idea to what promises where made,obtained a credit card not long ago,with a decent APR
Hi Robert - you aren't scot free I'm afraid. Creditors often take a couple of years to get in touch but they will and in the meantime they'll be adding interest and charges. Unless you face this head on the problem will get significantly worse. You need to contact each of your creditors to arrange repayment with them or speak to an IP about starting up another debt solution. Good luck x
I agree with Ginger and BOL. You need to sort this out now before the creditors start getting back in touch.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I would check the Insolvency Register to ensure that your name has been removed and that the IP acting for you filed their final report properly. I assume that you were also provided with a copy?
If you end up going bankrupt obtaining further credit when you knew you were insolvent is frowned upon & can lead to a BRU/BRO so it would pay to be very careful when using your credit card or further credit..
Your next move is whatever you want it to be Robert - but as other posters have mentioned those debts are out there somewhere and they could spring up on you at any time. Best to either go bankrupt and draw a line under it, or face up to them and try to come to some arrangement to make ongoing payments.
