We have been in an iva for 3 years this october

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bane

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Post by bane » Thu Mar 26, 2009 1:36 pm
We have been in an iva for 3 years this october, we need to get a newer car as our one is getting old and costing money, we have a corsa with 2 children under 4 years and we wanted an astra as its bigger. How does this all work? (getting finance, paying for it etc) Thanks
 
 

kallis3

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Post by kallis3 » Thu Mar 26, 2009 1:41 pm
You will need to discuss this with your IP as it will impact on your IVA, and may bring your payments down.

There are one or two companies who are sympathetic to people in IVA's

www.duncton.com

is one company. Or you could see if a relative could help you out with buying one?
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
 
 

bane

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Post by bane » Thu Mar 26, 2009 1:51 pm
Thank you
 
 

bane

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Post by bane » Thu Mar 26, 2009 1:52 pm
Do you know how some work for example??
 
 

kallis3

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Post by kallis3 » Thu Mar 26, 2009 1:56 pm
Would that be car firms or IP's Smokey?
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
 
 

bane

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Post by bane » Thu Mar 26, 2009 1:57 pm
Would be both?
 
 

kallis3

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Post by kallis3 » Thu Mar 26, 2009 2:07 pm
Each IP would probably deal with this differently. You really need to give yours a ring if you are thinking of going for a new car as you will need permission for the credit.

As to car firms, I don't know how they work. All I know is that Duncton have been recommended on here before and are sympathetic to people in IVA's.
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
 
 

MelanieGiles

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Post by MelanieGiles » Thu Mar 26, 2009 10:07 pm
How will you fund the cost of the new car? Is this likely to affect your ability to continue making IVA contributions at the usual rate?
Regards, Melanie Giles, Insolvency Practitioner
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