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Information regarding sprout loan

Posted: Sat Jan 04, 2020 5:53 pm
by ashbock123
I am currently 28 months through my IVA.

Been looking at taking out a sprout loan at month 30 they said could call them back.

As hoping to move back in with partner and children after split up 14 months into my IVA and alot better now.

Sprout loan seemed a good thing as this year she would go to work. So my IVA payment would go up.

Just wondered if people had information about the loan company and how long takes until the IVA will be closed and if accepted by CF.

Re: Information regarding sprout loan

Posted: Sat Jan 04, 2020 7:42 pm
by Foggy
Some creditors, I have heard, refuse offers with a Sprout Loan on principle, hopefully none of yours are in that camp.
As for completions times, they will start the process, just like any other IVA, after the payment has been made and CF do appear to be one of the faster firms at getting everything tied up. I have seen them complete within weeks of final payment, but more often around 2 months.

Re: Information regarding sprout loan

Posted: Sun Jan 05, 2020 1:02 pm
by Radish
What is a sprout loan? never heard of this.

Re: Information regarding sprout loan

Posted: Sun Jan 05, 2020 1:21 pm
by Foggy
Sun Jan 05, 2020 1:02 pmRadish wrote:
What is a sprout loan? never heard of this.
https://debtcamel.co.uk/aperture-iva-exit-loan-sprout/

Re: Information regarding sprout loan

Posted: Sun Jan 05, 2020 1:27 pm
by Radish
Thank you, interesting - or should that be 'interest'-ing lol
I think I am in the wrong business if its that easy to make £500 profit on a £2k loan :lol: :lol: :lol:

Re: Information regarding sprout loan

Posted: Tue Jan 14, 2020 3:50 pm
by ashbock123
Cheers for reply foggy. Any idea what sort of creditors don't usually accept
?

Re: Information regarding sprout loan

Posted: Tue Jan 14, 2020 4:23 pm
by kallis3
It's the same as everything - you never can tell who will accept and who won't.

Re: Information regarding sprout loan

Posted: Tue Jan 14, 2020 5:27 pm
by Foggy
Tue Jan 14, 2020 3:50 pmashbock123 wrote:
Cheers for reply foggy. Any idea what sort of creditors don't usually accept
?
Ash ... I am sure that creditors decisions are as much based on the weather and what they had for breakfast as on anything else !!! It is impossible to say as they keep changing policies.