Overdraft

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Pryde

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Post by Pryde » Sun Jan 10, 2021 1:29 pm
Hi all, I had an overdraft on my account as I stupidly did not think it would be wrong, Im guessing this will cause a breach and is there anyway out?

Foggy

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Post by Foggy » Sun Jan 10, 2021 3:12 pm
You would need to repay the O/D and remove any O/D facility from your account. It might be possible to negotiate a payment break to cover the O/D ( this will be tacked back on at the end of the IVA ).
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

Pryde

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Post by Pryde » Sun Jan 10, 2021 3:52 pm
I have paid it back already by shuffling expenditure (beans on toast for awhile) and the OD has been removed from the account, its my first annual review this month my IP supervisor wanted last 3 bank statements and a OD charge shows up on my OCT one.

Foggy

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Post by Foggy » Sun Jan 10, 2021 4:47 pm
You should be OK -- the breach has been remedied.
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

Pryde

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Post by Pryde » Sun Jan 10, 2021 5:25 pm
Thank you :D

luluj

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Post by luluj » Sun Jan 10, 2021 7:09 pm
I would submit your bank statements and be ready to explain if asked. Put money on it you won't be asked though ....

Well done for sorting it out so quickly
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"

Pryde

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Post by Pryde » Sun Jan 10, 2021 7:53 pm
Sun Jan 10, 2021 7:09 pmluluj wrote:
I would submit your bank statements and be ready to explain if asked. Put money on it you won't be asked though ....

Well done for sorting it out so quickly
I have submitted them the OD was removed in sept its just a charge shows in Oct

kallis3

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Post by kallis3 » Sun Jan 10, 2021 9:28 pm
I also think you will be ok.
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

Pryde

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Post by Pryde » Mon Jan 11, 2021 8:09 am
Thank you everyone I hope you are all right and they dont fail me.

Pryde

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Post by Pryde » Mon Jan 11, 2021 2:22 pm
Should I call and speak to my supervisor or hope they dont mention?

Foggy

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Post by Foggy » Mon Jan 11, 2021 3:39 pm
Personally, in this case, I would not go waving sharp sticks around a sleeping bear ! They may well not notice.
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

Pryde

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Joined: Fri Aug 28, 2020 8:25 am

Post by Pryde » Mon Jan 11, 2021 3:42 pm
Makes sense I guess

Pryde

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Post by Pryde » Mon Jan 11, 2021 7:22 pm
Sorry for all the questions im just worried they will fail me.

kallis3

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Post by kallis3 » Mon Jan 11, 2021 8:04 pm
Think positive - I am sure it will be ok.
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

Pryde

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Joined: Fri Aug 28, 2020 8:25 am

Post by Pryde » Tue Jan 12, 2021 2:42 pm
It was not mentioned, my thanks again.
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