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Posted: Wed Jan 28, 2015 6:31 pm
by steven mills
HELLO,i paid off my iva early,meeting was approx july-aug,all accepted,i rang DFD last week and they said my cc is on its way,iva started dec 2012,just out of curiosity i applied for a credit card with vanquis(just for credit rating purposes),and they accepted me right away didnt ask about iva,s or bankruptcy online or even when they phoned me,question is"can i get into trouble for getting credit before my 5-6 years is up ?
Posted: Wed Jan 28, 2015 6:57 pm
by ilikewatch
Technically you could be in breach for taking credit before your CC has been issued, however:
a) DFD say the CC is on its way, - maybe it has been issued.
b) Some IVA proposals allow up to £500 credit - your Vanquis limit is probably is no higher than this.
c) Are they likely to find out if you don' t make them aware?
Posted: Thu Jan 29, 2015 9:32 am
by luluj
Until you are in receipt of your completion certificate you are bound by the terms of your IVA. If it were me I would not use the card once it arrives until after you have it received and full closure with DfD is had.