Is it possible to obtain credit

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kianrio

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Post by kianrio » Fri May 08, 2009 5:15 pm
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Is it possible to obtain credit for a car whilst in an IVA
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kallis3

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Post by kallis3 » Fri May 08, 2009 5:29 pm
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Hi,

You would have to get permission from your IP as it might need a variation so that you could afford both payments, but you should be able to get a car.
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
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MelanieGiles

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Post by MelanieGiles » Fri May 08, 2009 5:33 pm
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I have often granted such permission, and occasionally had to even vary an IVA to accomodate a reduction in disposable income in order to fund the purchase of a car. But no car, no job - so permission is usually granted for commercial reasons.
Regards, Melanie Giles, Insolvency Practitioner
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David Mond

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Post by David Mond » Sun May 10, 2009 10:47 pm
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My firm has also done this on a few occasions.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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