Following on from my earlier posts, my car, after £1,000 of repairs which came out of a long saved pot of cash, has come back with another fault, which will cost another fortune to repair. A fortune I don't have.
I'll be phoning my company tomorrow McCambridge Duffy) to see whether I'm allowed to get finance through money barn. I can't work without a car, but can't afford without reducing payments. Now I've already had a payment break, and family are unable to help.
What is the process? Do I have to collect all my paperwork for a variation? Can the IP just say yes? Based on what I know ill be paying next to nothing into my iva if I get finance.
It may require a variation but if that is the case we will call one. A vehicle is a necessity so it does not matter whether we have discretion or not because we will just have to ask creditors if need be. Any problems and contact me directly but I am sure the team in supervision will be more than helpful.
I'm sure they will assist all they can they do appear to be up there with the best companies. Hang in there and hope you can source a reliable vehicle because as you and Michael say it's a necessity.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I can't really speak for your IP firm, but it is usual to require a full review to be undertaken if requiring a variation, so I am sure you will need to provide all relevant documentation.
Any kind of back up would be helpful such as receipts for the work carried out or a quotation for any new work. If you are going to obtain finance a new I&E would need to be done to see what payments can be afforded whereas a payment break to fix or buy a new car would probably not need an I&E as the overall payments would remain the same.
