consequences of having an overdraft

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sossageking

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Post by sossageking » Wed Dec 10, 2008 6:22 pm
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can i ask what the likely consequences are of me having an overdraft on my account although in an IVA. I did not ask for one, and i can honestly say i did not know i had it
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Viki.W

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Post by Viki.W » Wed Dec 10, 2008 6:24 pm
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Hey russel, just cancel it now, as long as you haven't used it, you'll be fine.
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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freelili

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Post by freelili » Wed Dec 10, 2008 6:25 pm
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I dont know hun, the answer is between you and your IP. Technically you are in breach of your IVA for adding credit after the agreement. I doubt your IP would really want it to fail. The very best thing to do is put your hands up and fess up, then you will know what the answer is. You must be worrying yourself sick over this. I hope it all goes OK for you.
LILY

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I asked God for an answer, I have to live with his reply.
Exsisto an angelus quod planto quispiam sentio melior.
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Adam Davies

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Post by Adam Davies » Wed Dec 10, 2008 7:01 pm
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Hi
If you have not used it then you are not in breach of your IVA
Regards
Andam Davies
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freelili

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Post by freelili » Wed Dec 10, 2008 7:07 pm
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Hi there I am sure I read somewhere that you have used it Russell?
LILY

http://freelili.blogs.iva.co.uk

I asked God for an answer, I have to live with his reply.
Exsisto an angelus quod planto quispiam sentio melior.
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kallis3

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Post by kallis3 » Wed Dec 10, 2008 7:11 pm
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Yes he has Lily. He posted earlier to say that he had had some bills to pay and so had used it.
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
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freelili

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Post by freelili » Wed Dec 10, 2008 7:13 pm
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Thanks Jan hun, I knew I had read it.
LILY

http://freelili.blogs.iva.co.uk

I asked God for an answer, I have to live with his reply.
Exsisto an angelus quod planto quispiam sentio melior.
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