Reading these posts makes me think of Denis Healy's First Law of Holes - if you are in a hole stop digging! I have been arguing on the forum (when the subject has come up) that people who are or have been in IVAs are often implied or thought to be dishonest - utterly wrong in my opinion - but lying is wrong and liars always get found out - eventually
Exactly, you can't lie about bankruptcy so its there to haunt you. Thats the reason I haven't gone bankrupt. And because I wouldn't have the guts. It would be in the paper etc.... So iva it is.
I am happy with my IVA and would only go bankrupt if I had to. I would lose my house and I don't want that. That said, I don't blame anyone going along that route.
I would never lie and say I hadn't been bankrupt if I had been, neither would I lie to say that I had never sought help with my finances.
There is an old saying isn't there:
Be sure your sins will find you out.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I can't lie, I try sometimes but when asked a question I blurt out the truth. I get nervous if i try and lie. [:0] Not good as lying in some situations can be good.(I think)
It pays to be totally honest. I know some people get away with it, but I just know I would be found out if I tried it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I'm sure it would be an offence - you are lying to get credit so it could be classed as fraud I suppose.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I was asked by my new bank if I'd ever been bankrupt, thats why I asked about where the info is stored and could you say no, but I would just say anyway. That is one reason I wont go bankrupt its always there in the background. Just applying for a bank account seems difficult if you are BR.
In one way, I'm glad I'm as old as I am as I am less likely to need credit once the IVA has finished, and definetely not a mortgage.
I can understand why people are scared of it though.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
