Hello everyone. I’m a reader of the forum but this is my first proper question so I’m hoping someone can help
I’ve just completed Year 2 of a Six Year IVA with Aperture (formerly Grant Thornton). I just received a text yesterday to say that my payments would remain the same after my Annual Review which is good news.
My problem is that my car is entirely on it’s last legs. I don’t have enough characters to go into detail but I’ve spent £850 on it since July which is more than it’s worth and it’s about to implode again.
I need my car for getting to and from work, getting my child to school and to her father’s/grandparents for childcare etc. I have heard about people in IVAs being able to obtain car finance with their Provider’s permission and I’m wondering if this is something Aperture are likely to agree to. I’ve had a look at Midland Car Credit who look like they would be able to offer me an amount for a decent, reliable, economical car which I would pay at about £150 over three years (I haven’t applied for a quote as would want permission from my IP provider first). If Aperture agreed to this, I would finance this monthly payment at no detriment to my IVA payment (relatives have agreed to forgo some of my childcare costs, my maintenance figure would be lower and I got a promotion in work of which I have been allowed to keep 50% of per month). So it would be a realignment of monies as such.
Do you think this is something Aperture would be likely to consider and approve? I know that payment breaks are usually granted, but I fear that my car is likely to pack in within the next week or so given the horrendous noises it’s making, and I do not have the money to repair it, nor could I save enough in a payment break to buy another which was not going to cause me the same headaches of constant repairs! Could anyone offer some advice on this please? I haven’t approached them formally yet, I was hoping someone here could help me out.
