www.iva.co.uk

Hi all,

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.

Previous experiences appreciated!!

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.

Cheers!! If we went down the variation route, what happens? Is it a case of collecting all the paperwork like and I&E? Or more?!

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.

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.