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Posted: Sun Sep 07, 2014 2:15 pm
by SD
Hi, I am in an iva, would I be allowed to buy from a catalogue and pay by instalments.
Posted: Sun Sep 07, 2014 2:39 pm
by Foggy
Officially, no. There is also the credit check to overcome, although a few have managed. If your IP discovers you using credit they could fail the IVA.
Posted: Sun Sep 07, 2014 4:40 pm
by Michael Peoples
You can normally get credit up to £500 without permission and this would allow you to buy goods from an agent for example. As Foggy says you will likely fail a credit search but also get approval from your IP.
Posted: Sun Sep 07, 2014 5:31 pm
by Pandy
I have not got the £500 clause so check to see if you have. If you have great if not then the answer is no as you would be in breach of your IVA
Posted: Mon Sep 08, 2014 8:16 pm
by Shining
Always best to run these things by your IP to avoid any issues. x
Posted: Wed Sep 10, 2014 9:00 pm
by lou3
No, a catalogue is considered extra credit and is a breach of the terms of the arrangement.
Regardless of the £500 clause most arrangements state that NO further credit facilities at all may be taken with the exception of utilities. That means absolutely no credit - even for £10 - can be taken without the permission of your IP.
Posted: Thu Sep 11, 2014 4:46 am
by luluj
If it was for an essential item then a payment break from your iva may be the appropriate way forward ..in any means I would be seeking a definitive answer from your IP.