amego loan

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harvey67
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by harvey67 » Thu Mar 30, 2017 7:46 am
I have an amego loan which was guaranteed by my father in law he also pays it for me. I am having to enter into an iva do I have to declare this loan or can I leave it off the aplication
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Foggy
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by Foggy » Thu Mar 30, 2017 8:04 am
It will have to be declared to your IP --- as will ALL of your financial circumstances. However, your father in law will have to continue paying and could also become one of your creditors.
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Michael Peoples
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by Michael Peoples » Thu Mar 30, 2017 9:58 am
Amigo can be an awkward creditor but they still must be listed even if the guarantor is repaying the loan. It may make it more attractive that the debt is being repaid but they could still reject.
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