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Refinancing car
Posted: Mon Aug 03, 2020 8:59 am
by julie611
have a car on 3 year payment and in 3 months need 6300 final payment, will a iva stop me from refinancing
Re: <t>Refinancing car</t>
Posted: Mon Aug 03, 2020 9:44 am
by Foggy
You will need permission from your IP. But you will also have to pass the lenders credit check, which may be a problem. I have seen instances where the current lender agrees to re-finance, but there is no guarantee.
Re: <t>Refinancing car</t>
Posted: Mon Aug 10, 2020 11:24 pm
by kevin836
Hi Julie, I have just refinanced my Mazda balloon payment with moneybarn through car finance 24-7. Stepchange agreed to it and my payments went from 167 p.m to 172. They were excellent and its enabled me to keep my car.
Re: <t>Refinancing car</t>
Posted: Tue Aug 11, 2020 6:43 am
by Foggy
Mon Aug 10, 2020 11:24 pmkevin836 wrote:
Hi Julie, I have just refinanced my Mazda balloon payment with moneybarn through car finance 24-7. Stepchange agreed to it and my payments went from 167 p.m to 172. They were excellent and its enabled me to keep my car.
That's good to hear, Kevin. Thank you for sharing.