Apologies as i appreciate that this subject gets brought up quite a bit in this forum
I make my final payment to payplan this month
And finally on paper look to finish my IVA after. 5 long
Years
My car is basically in urgent need of upgrading and I
Have managed to get it through the last few MOTs
A couple of sub prime car credit companies will provide
Me a modest car loan to get a decent car but are
Requesting that I get. Confirmation from my IP that
I am allowed to. Take the loan
Do you think payplan will agree to giving me
Permission bearing in mind I make my last payment
In 5 days
I am paying £800 per month into my IVA and am looking at a car payment of around £200 which won't be due until January when my IVA is no longer being paid
Technically you are still in the IVA until such time as you get the certificate of completion issued.
I can see no reason that Payplan would not agree -- but only once they are happy that no further monies are due to the IVA.
Personally I would try to milk the last few miles out of the car whilst saving up the £800 per month you have been paying into the IVA --- only a few months and you will have a decent sum and no debt or high interest to pay.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I think I keep forgetting that I'm still bound to the terms and conditions of the IVA until the certificate , I keep thinking that the last payment date is a magical thing that will make it all disappear !!!
I think I will speak to payplan see what they say but also have a serious think about doing the sensible thing for once and save
