discharged 10 weeks, very difficult to buy a car

[digboy]

hello, i have been discharged for 10 weeks now.am finding it very difficult to obtain higher rate credit to buy a car

[MelanieGiles]

I am afraid that there are still some consequences attached to your having been bankrupt, and you must understand that lenders will not necessarily be queueing up to lend you money again. There have been some suggestions of the forum before about companies which may be in a better position to consider you for finance, and hopefully Andy can post these details when he is next on-line.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Lisa2009]

I believe the companies Melanie refers to are


www.advantagefinance.co.uk
www.flexiblecarleasing.co.uk
www.duncton.com/da/15082

[digboy]

thanks for the help ! this site is very helpfull

[polar]

thanks for the help ! this site is very helpfull

How did you get on with your car finance?

Is it this hard to get car finance after an IVA?

[CoverItAll]

Hi digboy

Do read the small print on the agreement. Finance companies that will lend to you today will almost certainly charge very high rates of interest that you may well be prepared to pay. However, do look extremely closely in the agreement for what happens if you are unable to pay, even for a short time. If these penalties are very high, it may well be in your interest consider payment protection insurance to cover your loan payments.

John Tegg
www.protectiva.co.uk
0845 673 9999
We will make all your IVA payments for you if Accident or Sickness stops you paying them yourself.

[welshman]

Make sure you read the small print on any payment protection insurance very carefully as there are some things that are not covered

[ray_a]

Mind you I heard just before Christmas that some of the car financing companies are struggling to get funds and are having to cut back their lending due to the credit crisis!