I know with my ip (creditfix) your not allowed to take out any credit but if you have financial difficulties to contact them about to to lower repayments.
You are not allowed further credit in an IVA, but some proposals do allow you to get credit under £500 -- but this is to cater for the likes of car insurance and credit meters for gas and electricity. Additionally, you would find it almost impossible to get a payday loan from a reputable source.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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
As has been said best to avoid Payday loans if possible - if the payment break is an option it may be worth exploring. Looking further down the line many Mortgage Lenders currently have a big issue with payday loans having been taken.
Best of luck.
Regards
Ryan Radford
IVA Mortgage Expert
Zebra Money Centre
IVA Mortgage advice needed? Looking at Right to Buy and completed IVA still on credit files ?