www.iva.co.uk

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

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

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

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

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

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

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