Am I allowed to take car insurance payments over 12 months?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
User avatar
john615
Posts: 2
by john615 » Thu Mar 22, 2018 9:00 am
Am I allowed to take car insurance payments over 12 months in a IVA as this is a credit deal or telephone contracts would I be breach my terms of iva?
User avatar
Foggy
Forum Expert
Posts: 25541
Contact
by Foggy » Thu Mar 22, 2018 9:09 am
An IVA allows for credit of up to £500, assuming you have the usual clauses. for just this sort of thing. These days car insurance and utilities tend to go over that amount, but, unless it gets silly, IP's do not generally examine this too closely. Most, if not all, of us took insurance monthly (after all the allowance is monthly and where would we get a lump sum from? ).
User avatar
kallis3
Forum Expert
Posts: 72795
Contact
by kallis3 » Thu Mar 22, 2018 9:20 am
Ours was monthly with no problems.
User avatar
Tony.mac
Posts: 51
by Tony.mac » Fri Mar 23, 2018 9:40 am
I paid all my bills by monthly direct debit or standing order including car insurance and had no probs
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 14 guests