We are three years into our IVA payments. We are in private rented accommodation and our contract in our current property is nearly at an end. We have three children and need more space - we've found a house which would be massively suitable. My husband is due a bonus next month (not much but enough to cover moving costs etc) but until then, we don't have the funds to put down a holding deposit on the new house. My question is, can we obtain credit in the meantime to fund the deposit then for us to pay it off immediately as and when my husbands bonus comes through? It's the last thing I want to do but we have been waiting to move for over a year and we would like to see if it's possible.
You are unlikely to be able to obtain credit whilst you are still in an IVA.
If you are looking at renting still then a private landlord is usually better as they don't tend to credit check.
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
