Hey. I've been looking into an IVA but when I looked into it I was denied as I'd used my littlewoods account on the 9th February And been told I had to wait 6 months before I could go for it again. But I've been reading people's o line stories and they had a 3 month gap from last using it. Is there much point going for it again or try and wait for the 6 month period?
The gap between borrowing and entering an IVA is not set in stone and it is down to each IP to decide what he / she is willing to take a gamble on, as well as the make up of your creditors (some are more lenient that others). Be guided by your prospective IP.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Littlewoods appear to have a policy of rejecting IVA's if the account has been used within the past 6 months of the IVA being presented. Of course if that particular debt us relatively small - then they could be outvoted by the other creditors.
