Balloon payment coming soon

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Post by sara523 » Sat Feb 01, 2020 1:15 pm
I have an Iva and a balloon payment for my car of £6500 due in August. I have £1000 I can put towards it but what can I do. Will my Iva allow me to refinance this bit. My credit score is only 378.


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Post by Foggy » Sat Feb 01, 2020 1:42 pm
For the sake of keeping the car some IP's will agree to refinancing --- but the real hurdle is the actual refinancing. If you can get the finance provider to agree ! Some have managed.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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