Can I be a signatory

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

welshwiz

User avatar
Posts: 531
Joined: Sat Dec 29, 2012 4:13 pm
Location:

Post by welshwiz » Wed Jul 14, 2021 10:57 am
I had an IVA in march 2012 paid it off early in 2014. I have just been told I am needed to go as a signatory on business bank account with barclays, Barclays was one of my creditors, will this effect me being able to go as signatory as really don't want my employer to know about my IVA

Foggy

User avatar
Forum Expert
Posts: 32769
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Jul 14, 2021 11:15 am
My understanding is that they are likely to do a credit check, but, as long as everything has been taken care of, the IVA and defaults should have disappeared back in March 2018 and should not be an issue.
I have credit card with one of my former creditors and the past issues did not seem to have affected my application with them.
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

welshwiz

User avatar
Posts: 531
Joined: Sat Dec 29, 2012 4:13 pm
Location:

Post by welshwiz » Wed Jul 14, 2021 1:21 pm
thank you Foggy, somebody did say Barclays go back 10 years, just have to keep my fingers crossed.

kallis3

User avatar
Forum Expert
Posts: 76725
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Wed Jul 14, 2021 1:24 pm
Barclays was a creditor of mine and I have been able to take out a loan with them since with no problem.
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

welshwiz

User avatar
Posts: 531
Joined: Sat Dec 29, 2012 4:13 pm
Location:

Post by welshwiz » Fri Jul 23, 2021 11:59 am
Thank kallis

Did you take the loan out within 10 years of your IVA please

kallis3

User avatar
Forum Expert
Posts: 76725
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Fri Jul 23, 2021 1:23 pm
Loan taken out five years after IVA finished, plus credit for a stairlift and electric bed both since paid off.
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
6 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”