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Posted: Sat Feb 07, 2009 9:05 am
by tony20
i am about to enter into an iva,,,,,,
can i still get secured loans ie on my house car finance etc
Posted: Sat Feb 07, 2009 9:11 am
by David Mond
Not really as you owe monies to existing creditors and they would have priority of any release of equity to be paid. Even if you did it prior to entering into an IVA your current creditors would not be happy with that situation. Surely you have given that information to the IP you are dealing with.
Posted: Sat Feb 07, 2009 11:09 am
by kallis3
Hi Tony and welcome to the forum.
You are not supposed to take on any form of credit whilst in an IVA (except a remortgage in year 4 if you have property) without the permission of your IP.
Why would you want to, when the idea of an IVA is to clear your debts and start again with a clean slate?
Have you actually spoken to any companies? Even if you have, I recommend that you speak to one or two more. Either visit
www.iva.com for a list of companies, or click on the expert link on the left hand side of the page. The professional experts who post on here come recommended.