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Posted: Fri May 02, 2008 2:05 pm
by reflex
i recently took out a loan to cover an overdraft but was looking at applying for an iva does the fact that i recently took out a loan affect this
Posted: Fri May 02, 2008 2:07 pm
by Lisa2009
I would think it would depend on the ammount, how recent and who the loan was from.
Posted: Sat May 03, 2008 12:47 am
by size5
It is certainly not an ideal scenario, but it shouldn't deter you from speaking to a specialist directly, you can go to
www.iva.com and pick 2 or 3 from there to speak to.
Regards.
Posted: Sat May 03, 2008 11:42 am
by MelanieGiles
I recently was asked to look at a case where out of £70k of unsecured credit, £40k has been taken out over the last month in two consolidation loans with no repayments having been made. I asked the lenders involved whether they would be prepared to consider an IVA, but they declined preferring a DMP initially.