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Just Joined

1 Posts

Posted - 05 Jan 2019 :  22:48:40  Show Profile  Reply with Quote

I've just been accepted for an iva via Creditfix. As I now only have one payment each month to cover all creditors I will have surplus money. If I withdraw cash e.g 200pm or buy something nice for a couple of months is that allowed? I do know that CF will need to log on to my Internet banking for the annual review.


IVA Adviser
IVA Expert

783 Posts

Posted - 07 Jan 2019 :  09:12:15  Show Profile  Reply with Quote
Welcome to the forum tjr82.

How you spend your money is your business. Your expenditure will however we somewhat restricted by your IVA contribution.

You might be better served by putting a little money away to cover any emergencies that might arise over the next few years.

I am a professionally qualified debt adviser. To contact me about starting a IVA please:?      
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