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Posted: Sun Mar 20, 2016 12:10 am
by Baka
Hi, I wonder if you can help with following: I have started IVA in Oct 2013 and paid off everything in Feb 2015 and having a certificate of closure etc. The IVA record will stay with credit agency until 2019 and my credit report is not good at all.
I am trying to purchase a new car as my work depend on it and my current car can't serve me any longer. As expected I have been rejected from couple of finance companies so don't want to try again. Do you have any advise for me how to go about this? Thanks

Posted: Sun Mar 20, 2016 12:13 am
by MrsR
Hi There,

Moneybarn are good for people who are or have been in an IVA.

You will need a deposit, but they have a calculator on their website so you can olay around with cars and figured etc.

Posted: Sun Mar 20, 2016 12:16 am
by Baka
Thank you, MrsR

Posted: Sun Mar 20, 2016 7:18 am
by Shining
There are a few that will help with finance for those of us without a great credit rating. Unfortunately, the interest rate may be higher but hope you manage to get your new vehicle.

Posted: Mon Apr 11, 2016 12:12 pm
by gallifrey
Try Wheels for sure they can arrange a lease for a brand new car

Posted: Mon Apr 11, 2016 1:11 pm
by kallis3
I would suggest speaking to a couple of leasing companies and asking what their stance is on people who have been in an IVA without you having another search on your credit record.