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by shippers
Fri Dec 02, 2011 10:13 am
Forum: Ask IVA Forum and Industry experts
Topic: If you could get credit how would IP know?
Replies: 28
Views: 3154

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by kallis3 I don't think they check credit files but as BOL says, they can ask for bank statements. The only credit you would be able to get would be payday loans and they should be avoided like the plagu...
by shippers
Wed Nov 23, 2011 11:21 am
Forum: Ask IVA Forum and Industry experts
Topic: Car Finance while in a IVA
Replies: 17
Views: 8321

@starman2011, let me know how you get on, as i am in the same position as you.
Would also love to know the lender who approved you so would appricate you letting me know who they are as will also try them.
by shippers
Wed Nov 16, 2011 12:56 pm
Forum: Ask IVA Forum and Industry experts
Topic: Car options
Replies: 14
Views: 2518

I have been spending some time looking at Car Finance while in an IVA and i must say its a minefield. Car finance is available, if you want to be ripped off: Carloans4u, simply a broker of moneybarn, just go straight to moneybarn and avoid them. Moneybarn, outrageous APR and stupidly high deposit re...
by shippers
Fri Nov 11, 2011 11:52 am
Forum: Ask IVA Forum and Industry experts
Topic: Car finance
Replies: 31
Views: 3941

Well, just asked cl4u about the above and got this reply Thank you for your enquiry. Our criteria with customers being in IVA’s you can only go to 1 lender, The finance company will lend a minimum of £5000 (after the deposit), they only finance vehicles no older than 6 years old (56plate or newer) a...
by shippers
Fri Nov 11, 2011 11:27 am
Forum: Ask IVA Forum and Industry experts
Topic: Car finance
Replies: 31
Views: 3941

IP`s squeeze every penny out of you, so in essence you shouldnt have have any spare cash, so to be able to afford a £1,500 deposit is just reverse logic. Yes, some IP`s can give payment breaks, but in my case would mean a payment break of 6 months! I am currently in the same position as the OP as in...
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