Hi, if someone has ordered from a catalogue on credit whilst an IVA has been drawn up and the IVA company is still trying to get votes for an IVA to go through... Would this catalogue credit show up on any of the credit checks that the IVA company run from time to time? Or would this catalogue credit not show up before getting any votes for an IVA to even finalised? Just curious. Thanks
Probably take a while to filter through the system, but it could still cause the IVA to fail if not disclosed and the creditor added (depending on the amounts involved). Also, as you have already declared that you are insolvent the application for further credit could be regarded as fraud, so tread carefully.
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
Agree totally with the above. You should not take out further credit whilst applying for an IVA.
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