IVA Completed

7 posts Page 1 of 1
Post Reply
 
 

TSimner

User avatar
Posts: 1
Joined: Thu Jul 10, 2008 12:35 pm
Location: United Kingdom
Post by TSimner » Thu Jul 10, 2008 12:51 pm
Quote
Hi,

I have successfully completed my IVA 1 year early and have received my Ceritificate of completion - a great relief! As I have basically put my life on hold for the past 4 years, I am looking forward to the future!! I have had to keep my old banger of a car running for the past 4 years which has involved untold expense , now I am in a position to be able to purchase a newer car which I want to do, I could either spend the next 12 months saving (unrealistic if I think the car has even 6 months life in it!) or attempt to get a small amount of finance to buy a car. Does anyone know what the situation with this is?? I was told my credit file will show the IVA from 6 years of the original start up date. I have already sent a copy of the completion certificate to 3 credit reference agencies to ensure my file is updated. If there is no chance at all of me obtaining credit then I guess it's plan b... a push bike for me LOL!!
Tina Simner
Top
 
 

abc

User avatar
Posts: 152
Joined: Wed Jan 30, 2008 4:55 pm
Location: United Kingdom
Post by abc » Thu Jul 10, 2008 12:58 pm
Quote
You should be able to finance a vehicle but you are likely to have to pay a higher rate of interest due to your credit status as the IVA will appear on your credit file for 6 years from when the IVA started regardless that the IVA has been completed or not. Shop around and make sure that you do not end up paying 40% APR.

Might want to consider leasing a vehicle.
Alan Coleman
Licensed Insolvency Practitioner with over 20 years experience and specialist for IVAs for self employed people

www.jmmarriott.co.uk
Top
 
 

Lisa2009

User avatar
Posts: 5411
Joined: Thu Aug 16, 2007 12:17 pm
Location:
Post by Lisa2009 » Thu Jul 17, 2008 4:05 am
Quote
Congratulations on finishing your IVA and good luck for a debt free future xxx
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
Top
 
 

aguise

User avatar
Posts: 3907
Joined: Tue Jan 23, 2007 11:24 am
Location: United Kingdom
Post by aguise » Thu Jul 17, 2008 8:11 am
Quote
Great news and well done for completing your iva.

Ang
Please visit my blog at http://aguise.blogs.iva.co.uk/
Top
 
 

Viki.W

User avatar
Posts: 5647
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom
Post by Viki.W » Thu Jul 17, 2008 10:57 am
Quote
Hey TSimner, congratulations on completing your IVA, you must be over the moon. If you want to look into leasing a vehicle, one of the forum members used www.secretariatservices.net Worth a try. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77176
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Thu Jul 17, 2008 11:57 am
Quote
Well done on completing your iva TSimner. What a relief it must be.
Enjoy your debt free life.
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
Top
 
 

Julie

User avatar
Posts: 9503
Joined: Thu Feb 14, 2008 10:56 pm
Location: United Kingdom
Post by Julie » Thu Jul 17, 2008 12:18 pm
Quote
Well done on completing your IVA - can I ask did you offer a F+F to complete 1 year early?

Julie x
Top
Post Reply
7 posts Page 1 of 1
Return to “IVA completed !!”