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Posted: Fri Jan 09, 2009 11:04 pm
by clairec
BOTH MYSELF AND MY HUSBAND HAVE LOANS AND CREDIT CARDS WITH LLOYDS TSB IS THIS CLASSED AS ONE CREDITOR THEREFORE WE CANNOT APPLY FOR AN IVA?
Posted: Fri Jan 09, 2009 11:09 pm
by flumpy dog
hello claire welcome
are you able to specify your total debt and credit cards etc so someone can help you.
Posted: Fri Jan 09, 2009 11:13 pm
by Lisa2009
Is Lloyds the only creditor you have or are there others?
Posted: Sat Jan 10, 2009 7:28 am
by luluj
A loan with LLoyds TSB is one line of credit
A credit card in your name with Lloyds TSB is a second line of credit
A credit card in your partners name (NOT A ADDITIONAL CARD HOLDER)with Lloyds TSB is a third line of credit...........and so on
This is my understanding - when our IVA was approved we had a Natwest overdraft, loan and credit card and they were listed three times with three separate amounts.
Hope this helps
Posted: Sat Jan 10, 2009 11:50 am
by kallis3
Surely a credit card in a partners name counts as one line of credit for them, not a third one for you?
For an IVA you need more than one creditor regardless of the number of debts you have with them.
Posted: Sat Jan 10, 2009 5:49 pm
by luluj
Sorry it might be a confusing post - I meant if your partner has a credit card in their own name with a separate account number - not where they are simply additional card holders to the same account.
Posted: Sat Jan 10, 2009 7:07 pm
by kallis3
I stand by what I said though Lulu. If it is a seperate card in anothers name with a seperate account number, then it has to be a first line of credit for that person with that creditor, not a third line for the original person.
Perhaps if Melanie or one of the other experts is about they can settle this for us?
Posted: Sat Jan 10, 2009 7:11 pm
by luluj
It;s me - it's been a very long day at work - I have now worked over 60 hours this week and I think it is time for bed ! Sorry for the confusion !
Posted: Sun Jan 11, 2009 12:47 am
by MelanieGiles
People who have the ability to have cards on their partner's accounts are not liable for the actual debt - even if it relates to their spending.
Hope this clarifies any confusion!
Posted: Sun Jan 11, 2009 1:17 am
by David Mond
Agreed it is the responsibilty of the original card holder!
Posted: Sun Jan 11, 2009 9:18 am
by kallis3
I rather got the impression that we were talking about seperate accounts. For example, my hubby and I both had HSBC credit cards but they were totally seperate and treated as such.
Perhaps it's just me being thick!
Posted: Sun Jan 11, 2009 9:29 am
by MelanieGiles
I don't think so Jan, I just think that perhaps the original post is a little confusing.
Posted: Sun Jan 11, 2009 10:11 am
by kallis3
It would be good if the original poster came on and clarified things for us.