Hi All we have completed our IVA with McCambridge Duffy and everything seems ok on our credit files and we are off the insolvency register. We are trying to get a loan for a car just for 6000 but cannot seem to get one. I do not have a bank account so not sure if that's the issue but my wages get paid into my wife's account. Our mortgage is with NRAM so not sure if that's an issue as it is sometimes called the bad bank. Any help or advice greatly appreciated.
If the loan is in your name, the lack of a bank account could be an issue. Also check all three records for any notices of correction which might mention the IVA and check that you are on the electoral register.
Do not make loads of random applications, as each leaves a stain on the file and raise red flags.
I doubt there is anything connected with NRAM, unless they have left anything on your files, which you could see if they had.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Could your wife take out the loan for a car? I am presuming she has a bank account?
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
My wife was turned down also .We were looking to make her account a joint one as my wages are paid into the account anyway.Thanks for all of your replies.
As Foggy says - make sure you are on the electoral roll as it can cause problems if you're not.
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
