what is the straightforward answer to having a small overdraft as a buffer. can you have an overdraft or not. ? yes or no. my own IVA as changes hands on a couple of occasions. So which guidelines are you supposed to use. Initially I was allowed up to £500 if necessity called for it with my IP's permission.Fortunately i have managed to stay within my budget. and i only have 4 months to complete my iva. but i do think it should be made a bit clear of the do's and dont's of what is allowable
You should not have an OD and I doubt your bank would agree. If you are this close to completing it's academic really.
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
As you reference each provider has different rules. During our iva we were not allowed a overdraft, nor the £500 debt which people seem to refer to these days.
If you can manage without then do so for the last few months.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
