Can I keep using my credit cards or take out a new loan during an IVA ?

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IVA Question

Can I keep using my credit cards or take out a new loan during an IVA ?

No, During the IVA, you will not be able to use store or credit cards. Also, you will normally not be allowed to borrow more money. It may however be possible to change an existing mortgage while you are in an IVA. This must under the supervision of your insolvency practitioner (us).

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