I paid a quick quid loan for my brother as his wages were not due for 3 days

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by Seandn77 » Wed Sep 06, 2017 6:27 pm
i began my iva with cred fix last year.
A couple of months ago i paid a quick quid loan for my brother as his wages were not due to go in for another 3 days... so i paid it and he gave me the cash back..this obviously will show on my bank statement...will this affect my iva? it was only the once and he is willing to give a letter confirming it was me helping him and wasn't for my own purpose
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by Foggy » Wed Sep 06, 2017 6:31 pm
As long as the loan was in his name not yours, there should be no problem .... Bank statements aren't usually scrutinised to that degree -- they would probably only notice it if it kept happening.
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Michael Peoples
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by Michael Peoples » Thu Sep 07, 2017 8:12 am
I agree. The amount is likely less than £500 anyway so even a loan of that amount would not be a breach. Say nothing unless your supervisor asks and they may not even ask for bank statements anyway.
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