Information regarding sprout loan

Get expert opinion. This is the place for new questions to be posted.
8 posts Page 1 of 1

ashbock123

Posts: 118
Joined: Fri Sep 08, 2017 7:54 pm

Post by ashbock123 » Sat Jan 04, 2020 5:53 pm
I am currently 28 months through my IVA.

Been looking at taking out a sprout loan at month 30 they said could call them back.

As hoping to move back in with partner and children after split up 14 months into my IVA and alot better now.

Sprout loan seemed a good thing as this year she would go to work. So my IVA payment would go up.

Just wondered if people had information about the loan company and how long takes until the IVA will be closed and if accepted by CF.

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Jan 04, 2020 7:42 pm
Some creditors, I have heard, refuse offers with a Sprout Loan on principle, hopefully none of yours are in that camp.
As for completions times, they will start the process, just like any other IVA, after the payment has been made and CF do appear to be one of the faster firms at getting everything tied up. I have seen them complete within weeks of final payment, but more often around 2 months.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Radish

User avatar
Posts: 445
Joined: Sat Sep 15, 2012 2:19 pm
Location: United Kingdom

Post by Radish » Sun Jan 05, 2020 1:02 pm
What is a sprout loan? never heard of this.
IVA complete March 2014 after 6 years.

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sun Jan 05, 2020 1:21 pm
Sun Jan 05, 2020 1:02 pmRadish wrote:
What is a sprout loan? never heard of this.
https://debtcamel.co.uk/aperture-iva-exit-loan-sprout/
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Radish

User avatar
Posts: 445
Joined: Sat Sep 15, 2012 2:19 pm
Location: United Kingdom

Post by Radish » Sun Jan 05, 2020 1:27 pm
Thank you, interesting - or should that be 'interest'-ing lol
I think I am in the wrong business if its that easy to make £500 profit on a £2k loan :lol: :lol: :lol:
IVA complete March 2014 after 6 years.

ashbock123

Posts: 118
Joined: Fri Sep 08, 2017 7:54 pm

Post by ashbock123 » Tue Jan 14, 2020 3:50 pm
Cheers for reply foggy. Any idea what sort of creditors don't usually accept
?

kallis3

User avatar
Forum Expert
Posts: 77177
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Tue Jan 14, 2020 4:23 pm
It's the same as everything - you never can tell who will accept and who won't.
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

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Tue Jan 14, 2020 5:27 pm
Tue Jan 14, 2020 3:50 pmashbock123 wrote:
Cheers for reply foggy. Any idea what sort of creditors don't usually accept
?
Ash ... I am sure that creditors decisions are as much based on the weather and what they had for breakfast as on anything else !!! It is impossible to say as they keep changing policies.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
8 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”