My last payment to my iva is this month. I could really do with a credit card now. If I apply now will this somehow effect anything to do with finalising my iva?
Until such time as you have your completion certificate you are bound by the IVA -- so would need your IP's permission for any credit over £500 (assuming you have the £500 credit "allowance" in your terms. You are also more likely to be refused, which will leave a stain on your soon to be sparkling credit report.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Agree with Foggy but you could always try a soft search which won't show on your credit score.
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
Thanks for replies. I've done soft search and found I could have one with limit of £250 I think but don't want to actually apply if it will somehow endanger my chances of finalising and completing. My car needs new brake pads and new tyres
If your IVA allows you up to £500 credit you might be ok. Speak to your IP first and don't forget your record will be shot for the full six years and your IVA won't drop off until you get that all important completion letter.
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
