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Can you have an IVA and be an Additional Card Holder on someone else's account? i.e. you didn't sign the credit agreement etc. Someone asked me this and I didn't have the answer to this question so thought the forum members could help!

My initial answer was that legally the debt is not in your name so you are ok, but on moral and behavioural grounds it probably wasn't wise as thats how you got in to the problem in the first place.

Does that sound right to you guys?

Not 100% sure, but I think you can be as you quite rightly say, the card is not yours and any debt run up on it will be down to the card holder.

Not advisable though really!

One of the experts will be along to advise further.

morning jan i would agree the debt is the account holders who,s name is on the agreement.but there is no allowance in your i&e to make monthly payments towards it.so definitely not advisable unless the account holder is going to pay your usage of it.in any case you are supposed to dispose of any credit cards you have access to when entering into a iva.

You could be an additional card holder unless the proposal actually forbids it.

I would also echo the concerns of Jan and Ronald though.

I never want to hold another credit card yet alone use one again as I really couldnt trust myself

My proposal makes no mention of prohibiting the use of an additional card. I have no intention to do so, I agree its not worth it in the long run - as you can get back in to old habits, its also a big ask for someone to take on that responsibility for you.

I was just interested to find out, following a conversation with a friend.

I have to agree with Kallis3 while I do believe that the debt is legally the person who holds the card it really would be unwise to go down that route, after all it is that route that brought us all together on this great site.

Regards BP

You have no legal liability as an additional cardholder and it is not a default in the IVA. However, I would only see value in having one if a partner or relative gives you a card to use only in the case of emergencies.

I've never been an additional cardholder, neither has hubby. We always had our own separate ones!

Probably half the problem - instead of one card with a £10k limit between us, we had one each!

I shan't be having another credit card, either on my own or as a joint holder!

fingerscrossed when you have completed your iva which is not a walk in the park you will be able to trust yourself with finances trust me.

Some people don't though.

I post on the sister site as well, and it is amazing how many people have got themseves into difficulty a second time.

You have to be very strong.

I don't think I'll want a credit card with a huge limit but maybe will see the need for one for emergencies, we'll see but by the time I can be considered for one maybe my train of thought will have changed again x

There is no way I'm having one of those credit cards again, I'll stick with my debit card.

I know that there are times they come in useful - if you want to hire a car for instance, especially if you go to the States.

If you can make sure you have the money set aside to pay it straight off, no problem.

got my iva completion certificate today.[:)]