Extra debt

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christopher514

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Post by christopher514 » Fri Nov 16, 2018 6:37 pm
I'm currently on a IVA and taken more credit out needed for emergency car repairs.
Can I apply for a debt management plan to run alongside my IVA?

kallis3

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Post by kallis3 » Fri Nov 16, 2018 7:06 pm
Hi,

You cannot take on a DMP. How did you manage to get extra credit?
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

Foggy

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Post by Foggy » Fri Nov 16, 2018 7:14 pm
As I said in your other thread can-i-cancel-my-iva-and-go-with-another ... 93#p731563 , depending on the amounts involved, your current IVA might well be under threat anyway unless you convince your IP regarding the neccesity of the new credit.

As before -- what could happen and what you might do about it depends on the amounts involved.
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
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