www.iva.co.uk

I am hoping to propose a lump sum iva, and have obtained a secured loan to proceed but the APR is obviusly high. A close friend has offered to lend me the funds at a low apr, but will this be looked on less favourably and will it put me at a disadvantage as the loan is not secured when my outgoings are considered?

Did you seek advice prior to obtaining the secured loan??

Hi
It will make no difference.
Just state that you will be repaying your friend using your disposible income each month
Good luck

Take your friend's offer - the repayments will be lower and they may be more forgiving if you hit a bad month.