Does anyone know just out of interest whether IPs access clients credit reports over the term of the IVA to check whether any further credit has been obtained?
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
The credit report file or does the IP have access to a file?
sosilly
Foggy wrote:Not as far as I know. The search woud show on your file anyway.
Searches will show on your credit report file. As far as I am aware they cannot conduct a search without informing you and you agreeing (unless there is something in the terms of engagement giving them permission -- which wouldn't surprise me).
I doubt that an IP would have the time nor the inclination to conduct speculative searches anyway.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
So how would they find out if you obtained any further credit without their permission?
sosilly
Things come out of the woodwork occasionally giving them cause to look ... regular payments appearing on bank statements, the lender contacting the IP, a "concerned neighbour" (you would be surprised!). Thing is, although a formal debt solution, a lot of the IVA is built on, and depends on, trust. If that trust is broken, things can get difficult !
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
