Loan up to 500£

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Arek

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Post by Arek » Wed Jul 01, 2015 8:01 pm
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Hi (I know the rules about loans money and I have already asked my IP about this loan) Has anyone borrowed money from any source whilst in IVA? (no payday loans, no loans with guarantor, no loans from family or friends, please) I have to buy a vehicle and IP let me borrow up to 500£ (it's always something [:)]). But I do not know, where can I apply for any loans up to 500£ whilst I am in Iva.

Thanks for any help!
Last edited by Arek on Wed Jul 01, 2015 8:03 pm, edited 1 time in total.
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Foggy

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Post by Foggy » Wed Jul 01, 2015 8:41 pm
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Some have managed to get a Vanquis credit card whilst still in their IVA. Interest rate is high though !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lisa Thomas

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Post by Lisa Thomas » Thu Jul 02, 2015 10:02 am
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I've read other posts on this forum suggesting Moneybarn for help with purchasing a vehicle.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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Foggy

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Post by Foggy » Thu Jul 02, 2015 11:41 am
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Another solution would be to ask your IP for a few months payment break (which will be added back on at the end) to save the money towards the car.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Arek

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Post by Arek » Thu Jul 02, 2015 8:18 pm
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Thanks Foggy and Lisa. I feel Moneybarn offers bigger loan amount than 500£, and it's a good idea to ask for a few months payment break. But first I will have a try to apply for a membership at credit unions. It's certainly something worth looking at.
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Lisa Thomas

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Post by Lisa Thomas » Fri Jul 03, 2015 9:18 am
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Good luck Arek I hope you sort it one way or another.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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