Credit Report

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sosilly
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by sosilly » Fri Aug 31, 2018 7:59 pm
Hi there

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?

Thanks
sosilly
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Foggy
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by Foggy » Fri Aug 31, 2018 8:11 pm
Not as far as I know. The search woud show on your file anyway.
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sosilly
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by sosilly » Fri Aug 31, 2018 8:16 pm
Thanks Foggy


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.
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kallis3
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by kallis3 » Fri Aug 31, 2018 9:16 pm
Agree with Foggy.
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Foggy
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by Foggy » Sat Sep 01, 2018 8:40 am
sosilly wrote:
Thanks Foggy


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.
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sosilly
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by sosilly » Sun Sep 02, 2018 1:10 pm
Thanks Foggy

So how would they find out if you obtained any further credit without their permission?

sosilly
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Foggy
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by Foggy » Sun Sep 02, 2018 1:21 pm
sosilly wrote:
Thanks Foggy

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 !
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kallis3
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by kallis3 » Sun Sep 02, 2018 1:50 pm
Have you taken any further credit out?
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sosilly
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by sosilly » Mon Sep 03, 2018 7:31 pm
No I haven't i was just wondering thats all. The thought just came in my head and thought I would ask the question.

thanks for the info

sosilly x
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