could i get a loan to pay final settlement on iva

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sharon555

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Post by sharon555 » Sun May 10, 2009 6:54 pm
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could i get a loan to pay final settlement on iva as this would be cheaper a month than iva payments
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plasticdaft

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Post by plasticdaft » Sun May 10, 2009 7:06 pm
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How much is your IVA for? Remember you wont get good rates for a loan and taking credit out during an iva is a big no no.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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kallis3

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Post by kallis3 » Sun May 10, 2009 7:10 pm
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That's if you can get a loan.

Don't forget as well that your IVA will be completed in 5 years - a loan would last for a lot longer and cost you more.

Unless you have problems with the IVA I would stick with it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Adam Davies

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Post by Adam Davies » Sun May 10, 2009 7:15 pm
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Hi
You could get a loan from a family member and use that as a full and final offer
Regards
Andam Davies
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David Mond

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Post by David Mond » Sun May 10, 2009 9:16 pm
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sharon555 wrote:

could i get a loan to pay final settlement on iva as this would be cheaper a month than iva payments
Where were you thinking of getting the loan from?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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