Page 1 of 1
Posted: Sun Mar 17, 2013 10:35 am
by Nicola.th
Ive recently taken on a new credit card. Will this affect my application for an IVA
Posted: Sun Mar 17, 2013 10:56 am
by MrsR
Hi there,
Did you know you were financially in trouble before you got the credit card ?
If it is unused, they may request that you close the card down, althogh some companies allow you credit to up to £500 - but this is based on your own IVA proposal wording etc.
Posted: Sun Mar 17, 2013 11:01 am
by winter_blues
It shouldn't do but if you we're to run up a high bill just prior to entering the IVA this could be frowned upon. I had increased my limits on a couple of credit cards just prior to be entering IVA but that was more to do with survival as I was paying one to pay another etc.
Just make sure you mention it when applying for your IVA.