Page 1 of 1
Spout loans
Posted: Tue Sep 10, 2019 9:04 pm
by George.98
Hi, I have seen advertised a company called sprout loans that offer a way to get out of your IVA earlier by taking out a loan to cover a F&F settlement of the IVA, I was wondering if anyone had ever heard of doing this, or has done this to complete the IVA early? The company I have seen is sprout loans
Re: <t>Spout loans</t>
Posted: Tue Sep 10, 2019 10:09 pm
by kallis3
Make sure you research this carefully - it can be a high interest loan which may be secured.
Re: <t>Spout loans</t>
Posted: Wed Sep 11, 2019 5:15 am
by luluj
Even if you did this route your credit record would remain showing the iva for 6 years from the start date so think this through very carefully and take some advice.
Re: <t>Spout loans</t>
Posted: Wed Sep 11, 2019 6:50 am
by Foggy
Have a read here:
https://debtcamel.co.uk/aperture-iva-exit-loan-sprout/
They do work in some instances, but, will cost you a lot more in the long run.
Re: <t>Spout loans</t>
Posted: Wed Sep 11, 2019 8:38 am
by Lisa Thomas
How long do you have left on your IVA?
Re: <t>Spout loans</t>
Posted: Wed Sep 11, 2019 9:15 am
by kallis3
Is this your second IVA? Previous posts suggest you had one a few years ago.
Re: <t>Spout loans</t>
Posted: Thu Sep 12, 2019 9:55 am
by Shaun Vickery
It's entirely possible to borrow funds to settle your IVA early - whether it's suitable to you really depends on your reasons for wishing to do so.
Re: <t>Spout loans</t>
Posted: Fri Sep 13, 2019 5:05 pm
by katana2471
Hi I have been accepted for a sprout loan
Cf
Have called for a variation meeting which is to be held this Monday coming.
Fingers crossed they accept the offer.
