Bounce back loan?

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Post by carmen401 » Mon Sep 21, 2020 12:49 pm
Hello, I am involved in IVA since last year, I am self employed for 6 years, my Profit from self-employment in 2018-20I9 was £7843. Can I appy for bounce back loan please? Thank you


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Post by kallis3 » Mon Sep 21, 2020 1:14 pm
Not 100% sure but I would doubt it. You are not allowed more than £500 credit without permission of your IP. How would you manage to pay it back?
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Post by lifenoteasy » Mon Sep 21, 2020 2:19 pm
BBL is not credit checked but will be based on the turnover going through your bank account - not what your profit was.

If you are self-employed, rather than limited, you will probably have to check with your IP, especially if the money went into your personal bank account.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
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