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Posted: Mon Oct 20, 2008 7:48 pm
by astoldby
I started an IVA last year. Unfortunately I have got myself in to more debt with catalogues. What should I do? Please can someone help me?
Posted: Mon Oct 20, 2008 7:52 pm
by Viki.W
Hey astoldby, welcome to the forum. Can you tell us how much you owe on the catalogues? If it's not much, pay it off and don't use them again as you can't take credit when in an IVA.
Posted: Mon Oct 20, 2008 7:54 pm
by David Mond
Yes -it is important that no credit (without the specific permission of your IP (Supervisor) should be obtained during your IVA.Your IP should have told you that and in any event would be a clause within your proposal. Try and pay it off asap.
Posted: Mon Oct 20, 2008 7:54 pm
by astoldby
I owe about £2.000
Posted: Mon Oct 20, 2008 7:56 pm
by Viki.W
Ok, that's quite a lot and I presume you are struggling to keep up the repayments on this. Stop using it as of today and contact your IP. Is there anyone who may be able to help you pay this off?