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Posted: Sat Jan 12, 2008 7:51 pm
by laura.j
I have a loan, overdraft and numerous credit cards that i am struggling to pay. I am now a student, can i take out an IVA on these debts and still receive my student loan? What are my options? Thank you. Laura
Posted: Sat Jan 12, 2008 10:25 pm
by Beechy
Welcome laura.j to the forum. So that we can help you, please post more details about your current debt level and your income and expenditure.
With regard to your application for a student loan you should be able to apply and for future ref generally Student loans are excluded from IVA's (although recently we did contact a student loan lender and they agreed for the debt to be included).
YET AGAIN THIS INDUSTRY IS CONSISTANT BY VIRTUE OF INCONCISTENCEYS
Dave Beech
Posted: Sun Jan 13, 2008 1:51 am
by MelanieGiles
Laura
You can still continue to receive student loans with the obvious agreement from the Student Loan company and your IP - as this is effectively taking out deferred credit. You must make the Student Loans company aware of your IVA when applying for further credit, and do bear in mind that this may therefore be refused.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp