Am I allowed to upgrade my phone?

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1

anthony898

User avatar
Posts: 2
Joined: Sat Jan 30, 2021 9:02 am

Post by anthony898 » Sat Jan 30, 2021 9:02 am
Am I allowed to upgrade my phone

Foggy

User avatar
Forum Expert
Posts: 33037
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Jan 30, 2021 10:38 am
Many of us have, even during our IVA's. However, it does depend on the provider's policies as you would fail a credit check. If accepted by the provider you will also have to bear any extra cost ( increased monthly payments for the new phone) yourself. It is unlikely that creditors will be willing to fund an upgrade themselves by reducing your IVA payment to cover it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

anthony898

User avatar
Posts: 2
Joined: Sat Jan 30, 2021 9:02 am

Post by anthony898 » Sat Jan 30, 2021 10:43 am
Will the iva company allow me to upgrade my phone

Foggy

User avatar
Forum Expert
Posts: 33037
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Jan 30, 2021 10:52 am
Sat Jan 30, 2021 10:43 amanthony898 wrote:
Will the iva company allow me to upgrade my phone
As long as you bear the extra cost yourself they should have no issue. Although, technically, it could be looked on as taking more credit. In the past many IP's have not worried unduly about this, but, I am seeing many attitudes changing recently, away from the interests of the debtor (us) and more towards the interests of the creditors or, more to the point, towards the interests of the IVA provider in increased revenue. So, it may be advisable to have a chat with your IP and get the reply in writing.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

kallis3

User avatar
Forum Expert
Posts: 76913
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sat Jan 30, 2021 10:54 am
I upgraded mine several times with my provider during my IVA.
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
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”