Can a car loan be included an an IVA?

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emma810

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Post by emma810 » Sun Jul 14, 2019 7:24 am
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Hi
Can a car loan be included in a IVA
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Foggy

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Post by Foggy » Sun Jul 14, 2019 8:17 am
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It depends on the type of loan. If it was a cash advance, which could have bought anything, then yes. But, if it is actually secured on the car, then no.
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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luluj

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Post by luluj » Sun Jul 14, 2019 7:04 pm
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You need to check your terms if the loan too - since have clauses to take the car back should insolvency of any kind occurs.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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