Get expert opinion. This is the place for new questions to be posted.
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Nicholas.96
- Posts: 11
- Joined: Wed Nov 02, 2011 9:25 pm
me and my partner have just made our first payment of our iva but have just found out that we are expecting our fourth child. we currently have car finance with first respnse and have 20 months left to pay but we need a bigger car we are really worried as we think the iva will fail and if we can get a bigger car?
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Broke of London
- Posts: 7761
- Joined: Sun Sep 05, 2010 6:04 pm
- Location: United Kingdom
Hi Nicholas! Congratulations on the pregnancy!!
Have a chat to your IP about options such as a payment break or a payment reduction. However, if the IVA is not sustainable long-term with your increased expenditure, you also have the option of a DMP or even BR. The creditors may even consider completing the final with funds paid to date when your disposable income drops.
Only your IP can really advise on your specific situation.
Good luck with everything!! x
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KM1512
- Posts: 392
- Joined: Fri Jun 15, 2012 2:05 am
- Location: United Kingdom
Congrats on your news and I hope everything goes well for you have a chat with your IP and hopefully they can work something as the last thing you need is stress at the minute. Good luck
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vimto1029
- Posts: 542
- Joined: Thu Feb 23, 2012 10:41 am
- Location:
Congrats on the pregnancy..4 children hey...you're brave! I'm sure if you speak to your IP they'll be able to sort something out for you..all you can do is ask! x
When you make a mistake, don't look back at it long...the past cannot be changed. It is the present and future that counts
