Thisis my firts post but have benefitted from your advice over the last few years. I'm hoping you may be able to help me - but I'm afraid I know the answer...
I am in my 4th year of my IVA (due to finish April 2010 due to an agreed extension with Paypal)
In December 2006 my debit card was cloned and a large amount of money stolen from my account. Nationwide set up an overdraft facility because of this with no end date.
Foolishly I never informed paypal as although there were mitigating circumsatnces I was scared they might fail me as I have a lause about not obtaining credit facilities. I also have not been in a position to decrease the overdraft although the stolen money was repaid.
I have received a letter today giving me 3 weeks notice to repay the overdraft or charges, interest will be applied etc. I will try to neogiate with Nationwide tomorrow but wondered if anyone has any advise or similar expereince? I'm aware that Paypal could still fail me ad I should have been honest.
Any advice or views would be greatly appreciated