Hi Melanie,

Thanks for that, I just wanted to be sure I was planning correctly rather than getting myself into more mess. The car will be returned as soon as I have negotiated with the HP co. then. Thanks for your help.

paul

I am self employed, and as such although we hope the business will pick up later in the year, I can only pay myself the equivalent of £12,000 pa currently. On HP the repayments are £250 pcm. Would I be better in that case returning the car before the IVA, and having any shortfall become part of the ...

I am considering an IVA, however I have a question: I own a car on HP, and up to halfway through the term of the HP agreement, payments were made ok. I have slipped a couple of times since, up to now where I am about 4 months behind and avoiding phone calls. I have past the point in the agreement wh...