I had council tax arrears that I paid up after receiving a liability order to avoid going to court. Totally my fault, I left it too long to sort out the direct debit. Anyway, I came across an article today talking about Individual Voluntary Agreements which you can arrange if you are in financial difficulty and which are bad for your credit history. These three words sound awfully familiar and I fear this is what I was given when I phoned up the council and paid off the full amount over the phone? However, it seems you have to be assessed for one and then sign a form, which I never did, so I'm a bit confused. I'm about to apply for a loan and I'm concerned this will affect me.
Can anyone shed any light? I can't find any useful info relating to situations like mine on line.
Thanks
It wasn't an agreement as such, I paid off what I owed entirely by debit card on the phone, but I remember them using those words to describe it. I see that usually they are for long term agreements and that you have to apply for and sign for them but because I remember them using those words, I'm just concerned this will affect my loan application.
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