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Posted: Fri Jun 06, 2008 6:26 am
by agp
What are the consequences to me and my IVA if I take unsecured loans whilst in an IVA?
Posted: Fri Jun 06, 2008 6:31 am
by cat 1
I think you'll find the modifications will tell you that it will constitute a fail.Are you thinking of doing this?Why would you need to? Cat
Posted: Fri Jun 06, 2008 6:45 am
by kallis3
I agree Cat. Why would you want to? Surely you are in an IVA to get rid of such debt.
Your credit rating will be totally shot anyway so I doubt if you would get one.
Posted: Fri Jun 06, 2008 7:26 am
by cfnc
Depending on what is for and how much your IP may allow it, but it would be entirely their decision and would have to be essential.
Kirsty
Posted: Fri Jun 06, 2008 8:37 am
by Skippy
Unless it was with the express permission of your supervisor it would most likely fail your IVA. Also, I really think you would struggle to get a loan with any reputable company due to your credit rating.
Posted: Fri Jun 06, 2008 8:49 am
by plasticdaft
178.9% apr through a dodgy company,surely that alone would be enough to put you off,as no one else would lend you money!!!
Posted: Fri Jun 06, 2008 11:04 pm
by Soulgrowth
Don't do it agp [:(]
Are you finding it difficult to manage in your IVA?
Debbie