I am entering my third year of my iva and my payment is £562 per month I am allowed £435.00 to pay my car hp as my company pays me a car allowance to cover this as this was taken under an options scheme and there is a final payment of £6400 would I be allowed to take finance for this rather than taking out a new finance scheme for a new car if so which companies would be more likely to offer a loan to an Iva user,i have paid 3 years to honda finance without missing a payment and am completely up to date with my IVA
I'm afraid I don't know the answer to that question, but I will bump this back up so one of the professional experts can see it and advise you.
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
This is usually covered within the terms of your proposal - I assume that we are talking about a balloon payment on a car finance agreement - and most HP companies will usually agree to do this when approached. Were your IVA payments staggered at all to take account of the conclusion of the HP agreement?
