Hi, completed our iva end of september this year, our car has done 191k and we are thinking of financing of another car, when will we beable to apply for mainstream finance to get normal aprs, not even applied yet because dont want to show search on credit file. Thanks
Have you checked your credit records to see if the IVA has dropped off and that there are no defaults shown?
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
yes checked credit files,, one default is dated febuary 2010,even though our iva was accepted October 2009, some defaults have dropped off, will they all dropp off anyway after 6 years,, the iva has gone to,, showing creditscore as fair atm on Equifax/ cheers
That's good - hopefully you can get some mainstream finance soon!!
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
Shortly after completing our IVA, we needed to change my car. I was worried about getting finance but took a chance with CL4U (Car Loans for You). They were very good, and I informed them that I had been in an IVA. My credit files were not showing any defaults or public information about the IVA, which I think may have helped. Anyway they got me some car finance at mainstream terms through Barclay Finance. Barclaycard were one of creditors, but I understand it is a different franchise to the credit card arm of Barclays. Maybe worth giving them a shot.
