www.iva.co.uk

goodmorning
i have ended my iva in 2011,today i have recieved a new credit card with a new number,can i use this card?.
the company have said it is to help me rebuild my credit with them,if i us this card it cannot be linked to my ex iva?
kind regards

Hi Denis,

I take it that you had your completion letter? If so then you can use it, if not then your IVA is still open and you shouldn't use any credit without letting the IP know.

The only way it will help with your credit is by you using it and paying each month. You can also do this yourself by making sure that mortgage/bank/mobile phone etc., are kept up to date.

The card shouldn't be linked to your IVA.

hi Kallis3
yes i have my completion letter,i just thought that with it been a company that was part of my iva,there might link the two cards together?

I personally would hold on and not use it. Do you really need to use the card ??? Am a litte surprised that a previous lender included in your IVA is encouraging you so quickly to take on credit again !

We ended our IVA 18 months ago and we have a pre-paid credit card that reports to our credit file each month - wouldn't touch a credit card again.

i dont need to use it,but if i just used it for petrol and paid off the balance each month,i thought it might help me rebuild my credit rateing.

once bitten twice shy
i would pay off every month,i dont like the pre paid cards,i would rather just pay with cash.

I would not use a c/card again, after 5/6 years living without one and paying into a iva. why would you.
I know its eacy with one. TOO EACY

i dont need to use 1,i just want to try and build my credit file for the future,ie to get a better morgage etc

I'm surprised they gave you one but hey ho!!! Nowt so queer as creditors.

As long as you use it and pay it off each month then it will help build up your credit rating. There are several posters on here who do just that.

Just don't get tempted into over spending.

Hi

No problem using it now your IVA is ended.

Pay it off each month and it will not cost you anything, it will also rebuild your credit file

Good luck

andy
thanks very much for your advice as always.
i just didnt want to break any rules even though my iva is completed.
thanks again

Hi

Life has to carry on and credit is a useful tool if used correctly

I am sure that the IVA has rehabilitated you, like it has me, and that you will live well within your means.

Regards

I know both you and Skippy use a Vanquis card Andy and you've always managed to keep in control of it.

I never want to be in this position again once I've finished.

Jan i can't imagine using a credit card again, its a completely better shopping experirnce without one, i think its so much easier knowing where you stand with only so much cash in your pocket, at least you can't be tempted to spend more than you have.

I have been thinking for quite some time, that i would like to go on a contract for an unlimited everything tarrif mobile phone, at £41 each month. I have been with T-Mobile for several years, on pay as you go, topping up £10 each month for texts. I'm worried though, that i'm not going to pass the credit check, would it help if i wait the full 6 years or more before asking them.

Regards David.

There are some very good reasons for using a credit card, particularly for online payments and holidays, as it gives you protection that a debit card doesn't.

I remember last year reading about how an airline that flew to Turkey went bust and those that paid by debit card could only get a refund of the amount paid for the original flights, which wasn't anywhere near enough to book a replacement flight at short notice. Those who paid by credit card were able to claim the full cost of the replacement flight.