Very and Next Accounts

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by Itsallouttherenow » Sat Mar 10, 2018 10:17 pm
I am about to start the IVA process.
I have a Very and Next account with balances of approx £1000 on each.
I have enough credit available on my Barclaycard to pay both of these off now.
We have not yet missed any payments and so all cards and accounts are still active.
Should I pay them both off using the Barclaycard ?
Would Barclaycard use this against me at the decision process?
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by luluj » Sun Mar 11, 2018 5:36 am
No don't do that - enter them into the iva as creditors as well.
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by kallis3 » Sun Mar 11, 2018 9:25 am
I agree - put them in the IVA otherwise it could be seen as favouring creditors.
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by Foggy » Sun Mar 11, 2018 9:44 am
It is rare that creditors get "personal" in the decision making process -- and often the decision is made by agents anyway. However, juggling with the balances this close to proposing an IVA could smack of manipulation and might backfire.
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Lisa Thomas
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by Lisa Thomas » Mon Mar 12, 2018 9:55 am
Why do you want to do it?
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