Get expert opinion. This is the place for new questions to be posted.
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kaybb71
- Posts: 14
- Joined: Sun Nov 23, 2008 7:44 pm
- Location: United Kingdom
I finally finished my IVA last month! Hurray!
However, I'm at a point where I really need to change my car - everything's falling apart on it, and I probably spend more money on it than it is worth!
My question is though - how long will I need to wait until I apply for car finance? My credit rating is obviously non existent, and my certificate has not been completed. Do I still need to ask my ip for permission?
I just thought that if I could use the money that I would have normally put into my monthly payment as a car instead, then I wouldn't still miss that much, and still be able to live on my budget!
Any advise would be much appreciated! Thanks
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Shining
- Posts: 27019
- Joined: Thu Sep 20, 2007 8:57 am
- Location:
Not sure if you'll need the Certificate of Compliance before applying for finance. Maybe one of our experts will advise a little later.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Broke of London
- Posts: 7761
- Joined: Sun Sep 05, 2010 6:04 pm
- Location: United Kingdom
Congratulations!!! I would think your IP can give permission for you to take on new borrowing at this stage. You may find you need a deposit so could always spend the next couple of months saving up and by then hopefully you should have your certificate x
