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Posted: Mon Jul 02, 2007 11:12 pm
by janny.d
I have recently applied for, and been accepted, for an IVA. I understand that I will no looner be able to use credit and store cards during the IVA period. However, I have a car on HP which I will be carrying on paying for the next 2 years when the HP will be finished. If I wanted to then buy a new car on finance, would this be possible?
Posted: Mon Jul 02, 2007 11:14 pm
by MelanieGiles
Hi janny and welcome to the forum
Anything is possible, but you may need to shop around for a suitable lender and you will need your IP's permission. Is there any particular reason why you feel you will need to replace your car in two years time?
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk
Re: If I wanted to then buy a new car on finance
Posted: Thu Jul 11, 2019 6:17 am
by PeterRadcliffe
yes, it can be possible.