secured loan in an iva

4 posts Page 1 of 1
Post Reply
 
 

indebtforever

User avatar
Posts: 505
Joined: Sun May 18, 2008 12:11 pm
Location: United Kingdom
Post by indebtforever » Sun Aug 10, 2008 12:20 pm
Quote
are you allowed whilst in an iva to get a secured loan to offer a full and final settlement or is it against the rules?
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77175
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Sun Aug 10, 2008 12:43 pm
Quote
I don't know the answer to that indebt. I would doubt if anyone would give you a loan though as your credit rating will be shot to pieces.

One of the other experts will probably know the answer to that.
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
 
 

plasticdaft

User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom
Post by plasticdaft » Sun Aug 10, 2008 12:51 pm
Quote
Does the iva have an equity release clause in it?? I would have thought that would prevent you borrowing money secured on your property.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Top
 
 

indebtforever

User avatar
Posts: 505
Joined: Sun May 18, 2008 12:11 pm
Location: United Kingdom
Post by indebtforever » Sun Aug 10, 2008 12:56 pm
Quote
yes it does but it is a set amount of £1,125 was just a thought will just have to battle on[:I]
Top
Post Reply
4 posts Page 1 of 1
Return to “postings for august”