Am I in breach of my IVA?

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Paddington1958

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Post by Paddington1958 » Sun Jun 17, 2018 9:10 pm
I think I may be in breach of my IVA. I'm in my 5th year with about 8 months to go. I've never missed a payment but have taken out 2 credit cards since the IVA started and have additional debt of £4000. I'm ay my wits end, like I was before the IVA started. I'm so scared this will fail. I've cut these cards up now so I can't spend on these. I'm trying to make some extra money by doing car boots and ebay. I'm even prepared to do another 2 years if necessary so this does not fail. Can you give some advise

Foggy

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Post by Foggy » Mon Jun 18, 2018 7:05 am
Paddington1958 wrote:
I think I may be in breach of my IVA. I'm in my 5th year with about 8 months to go. I've never missed a payment but have taken out 2 credit cards since the IVA started and have additional debt of £4000. I'm ay my wits end, like I was before the IVA started. I'm so scared this will fail. I've cut these cards up now so I can't spend on these. I'm trying to make some extra money by doing car boots and ebay. I'm even prepared to do another 2 years if necessary so this does not fail. Can you give some advise

Yes, you have breached the IVA. Why have you taken on this additional credit and who with ? Cutting up the cards is a start, but the debt still exists.
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

Lisa Thomas

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Post by Lisa Thomas » Mon Jun 18, 2018 3:08 pm
I'm really surprised you were able to get commercial credit post IVA. Are you sure it's an IVA you are in?

You will have breached any IVA terms as regards credit and should come clean to your IP.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

kallis3

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Post by kallis3 » Sun Jun 24, 2018 4:55 pm
I am also surprised you managed to get credit - how much do you owe?

Which company are you with? You need to come clean.
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
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