Get expert opinion. This is the place for new questions to be posted.
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Harvey.71
- Posts: 1
- Joined: Wed Aug 06, 2014 3:12 pm
My iva has just ended in July 2014..(my last payment).. Could you pls tell me what happens next as I just want to get on with my life.. Ie I require a car but don't know weather I can get finance to get one??
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relieved33
- Posts: 1166
- Joined: Mon May 18, 2009 7:22 pm
- Location:
We got car finance whilst in an iva from Duncton, now Moneybarn. They have been very good.
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Chrisdn88
- Posts: 24
- Joined: Tue Jul 22, 2014 9:56 pm
Can you get car finance whilst in an iva? Mine badly needs replacing.
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relieved33
- Posts: 1166
- Joined: Mon May 18, 2009 7:22 pm
- Location:
We did. Cleardebt were great when hubby's car died. Quickly agreed in principle that we could reduce our payment by the 15% allowed before going to creditors. Had to send them documents from Dunctons (now moneybarn). Reduction in payment and cheaper running costs allowed us to get a 6 month old fiesta that has been great - touch wood!
Speak to your IP. It was only through this forum that I knew it was possible and where to look. If Cleardebt can sort it in a month, I am sure others should be able to.
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relieved33
- Posts: 1166
- Joined: Mon May 18, 2009 7:22 pm
- Location:
Had to send Cleardebt a quote to repair the car to show it was beyond economical repair thinking about it. Not too sure if you can just decide you want a newer car!
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sponge
- Posts: 1094
- Joined: Wed Sep 07, 2011 4:25 pm
- Location:
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relieved33
- Posts: 1166
- Joined: Mon May 18, 2009 7:22 pm
- Location:
We are leasing but they do not do that now only hp. Apr is on their website and is high, like leasing is (£246 a month) but we were just grateful for an option! The high cost was also irrelevant as any less would have gone to iva anyway.
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UpToMyNeckInIt
- Posts: 607
- Joined: Fri Aug 03, 2012 3:25 pm
- Location: United Kingdom
Completed or not, your credit rating is trashed do 6 years from the start of your iva. After that, your credit files should recover, at which point obtaining mainstream credit will be easier.
Best sit tight until then, unless you want to over pay. All depends on how urgent your situation is I guess.
My opinions are just that: Based on my experience and being a self-employed IVA customer.
