6months out of iva, possible to guarantee a loan?

[kevan]

i am 6months out of iva. my son who is 18 next week wants me to guarantee a car loan .is this possible , would i be credit searched cheers

[Adam Davies]

Hi
I think that you would be credit searched and your IVA will still be on your file for another 6 months.However you have nothing to lose by trying.
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[iva experts]

Hello Kevan and Welcome,

Your IVA will remain on your credit file for 6 years from the commencement of your IVA.

Whether you are accepted as a guarantor with your IVA still on your credit file is really up to the provider, they may not see this is a problem. As Andy has said you have nothing to lose by trying.

Best Regards. IVA Experts

[Oliver]

You will need to contact the lender in question to guage how this will effect your ability to be a gurantor.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[kevan]

thanks for replys. i ended iva after 18months so it is only 2 years since start of iva .one thing to lose as son not aware of iva so expects it to be ok

[kevan]

hi again also would son be affected by my iva in trying for a loan

[MelanieGiles]

I would not have thought so, but if you live at the same address your son might want to file a Notice of Disassociation with the credit scoring companies just to be sure.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk