Would I be allowed re-finance balloon figure ?

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Debbie.t

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Post by Debbie.t » Fri Jan 23, 2015 12:28 pm
I am 2 years into my IVA my car finance agreement which i was allowed to keep ends in April with a balloon figure outstanding. Rather than give up the car would the finance company Santander consider re-finance for the balloon figure?
 
 

Foggy

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Post by Foggy » Fri Jan 23, 2015 12:47 pm
Always worth asking, but I sincerely doubt it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Michael Peoples

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Post by Michael Peoples » Fri Jan 23, 2015 1:11 pm
If not you could borrow the money from family and repay them during the IVA. We allow this on many occasions but double check with your own IP first.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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