www.iva.co.uk

Is it possible to obtain credit for a car whilst in an IVA

Hi,

You would have to get permission from your IP as it might need a variation so that you could afford both payments, but you should be able to get a car.

I have often granted such permission, and occasionally had to even vary an IVA to accomodate a reduction in disposable income in order to fund the purchase of a car. But no car, no job - so permission is usually granted for commercial reasons.

My firm has also done this on a few occasions.