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Posted: Mon May 12, 2008 2:41 pm
by gail871
Hi
I am in the process of an iva
When must i stop using my credit cards?
cheers
Posted: Mon May 12, 2008 2:47 pm
by aguise
Hi Gail and welcome to the forum.
You should stop using your cards now as it would not be sensible to carry on using them. How far into the process are you?
Ang
Posted: Mon May 12, 2008 2:49 pm
by gail871
i have a creditor meeting arranged for the 21st - i have used my cards recently would this now fail my iva?
Posted: Mon May 12, 2008 2:54 pm
by aguise
I am not a technical expert Gail so wait for other answers. It hopefully wont affect it, your company should have told you this though. How recently did you use them. I did use mine about three weeks before applying for our iva, for food, and that made no difference and ours was accepted. As said wait for Melanie or Ian.
All the best and keep posting.
Ang
Posted: Mon May 12, 2008 2:57 pm
by gail871
i used 1 of them last week - i have now cut them all up. Was not sure when i legally must stop using them
Posted: Mon May 12, 2008 2:59 pm
by MelanieGiles
So long as they have now been destroyed, you ought to be fine.
Posted: Mon May 12, 2008 3:02 pm
by aguise
That is the best thing to do. It is hard to get used to not having that crutch of credit but so much nicer when you actually pay for things and know that you wont get a statement with a load of interest on it through the front door. Hopefully all will be fine.
All the very best Gail.
Ang
Posted: Mon May 12, 2008 8:26 pm
by Adam Davies
Hi
You should stop using credit cards once you instruct an IP to act for you
Regards