Is this ok?

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joan.64

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Post by joan.64 » Sat Jul 10, 2010 10:21 pm
Hi, one year down the line from iva, i recieved out of the blue two credit cards. I rang them twice to confirm i could use, and they said fine.My husband not too sure, but i had already booked surprise break and helped out my daughter out. Is this ok?
 
 

kallis3

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Post by kallis3 » Sat Jul 10, 2010 10:22 pm
If you are in an IVA then you should have not been given credit cards anyway and you certainly should not use them.
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
 
 

plasticdaft

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Post by plasticdaft » Sat Jul 10, 2010 10:26 pm
Do you mean you have completed an IVA a year ago??

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

Mattybaldy

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Post by Mattybaldy » Sat Jul 10, 2010 10:27 pm
I'm no expert but using credit cards while in an IVA is a bad idea. I'd have put them straight in the bin.

Quite how you got them in the first place is a mystery.
 
 

kallis3

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Post by kallis3 » Sat Jul 10, 2010 10:36 pm
If you are in an IVA then you can't have a credit card at all.

If you have completed an IVA then good luck to you, but do be careful.
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
 
 

plasticdaft

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Post by plasticdaft » Sat Jul 10, 2010 10:52 pm
I dont think you will find many regular forum members on here that would say well done for getting a credit card and using it after an IVA. Many have spent 5 years plus ridding themselves of debts and the mere sight of even a credit card advert on TV is enough to send shivers down ones spine!!
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

kallis3

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Post by kallis3 » Sat Jul 10, 2010 11:32 pm
As long as you can use the card wisely and pay off the balance each month, it is a good way of rebuilding your credit, and I know of at least two posters on here who have the Vanquis card.

I have no problem with it at all if it is used properly.
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
 
 

plasticdaft

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Post by plasticdaft » Sun Jul 11, 2010 10:12 am
Are you still in an IVA Joan??

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
 
 

Skippy

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Post by Skippy » Sun Jul 11, 2010 10:16 am
I agree with Jan - if you use the card wisely after an IVA it's not a problem.

Joan, if you can give us more information we'll be able to give you more advice.
 
 

carole2662

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Post by carole2662 » Sun Jul 11, 2010 3:25 pm
Only 1 year in to our IVA but the thought of credit cards makes me feel sick. If we hadnt succumbed to plastic in the first place we wouldnt be in this mess now.
 
 

kallis3

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Post by kallis3 » Sun Jul 11, 2010 3:34 pm
Hopefully we will all learn during our IVA journey, and wouldn't go stupid with it again.

I don't know if I would have another one again but I would never say never.

I know I wouldn't run up a large balance on it though.
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
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