Budgeting loan from DWP, breach of IVA?

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peter600
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by peter600 » Thu Nov 23, 2017 4:12 pm
i am subject to an iva, if i get a budgeting loan from the dwp will this put me in breach of my iva ?
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Foggy
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by Foggy » Thu Nov 23, 2017 4:54 pm
Depends on the amount and the purpose. It will be looked on as new debt, which is a no-no ---- if it is for an emergency purchase you might be able to negotiate a payment break instead.
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luluj
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by luluj » Fri Nov 24, 2017 7:30 pm
What does your iva say about additional lending ? You maybe able to get upto £500 whilst in the iva but I would consider seeking a payment break in the first instance to cover the emergency.
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