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benjamin

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Post by benjamin » Fri Aug 20, 2021 1:03 pm
Hello, I'm currently in an IVA but I'm in desperate need of getting car finance. Is this possible and if so where can I find the lenders

Foggy

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Post by Foggy » Fri Aug 20, 2021 1:37 pm
Unlikely, but not impossible. Rates will be eye-watering! The big stumbling block will be getting the agreement from your IP. IF they agree then your choices of lender will be limited to the sub-prime sector, the most oftem mentioned one I know of being Moneybarn.

Many of us, myself included, limped through the IVA driving 'E-Bay Specials'.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

lifenoteasy

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Post by lifenoteasy » Sat Aug 21, 2021 10:20 am
As Foggy says you need the approval of the IP but https://www.moneybarn.com/how-it-works/ ... cess/ivas/.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.

kevin836

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Post by kevin836 » Tue Aug 24, 2021 2:51 am
I was approved with Moneybarn while in an IVA. Even the though the interest rate was a little high, the payments were quite reasonable.

kallis3

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Post by kallis3 » Tue Aug 24, 2021 7:21 am
Let's hope your IP agrees to it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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