Car loan/hire during IVA

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Dieter

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Joined: Sat Jan 15, 2022 1:37 pm

Post by Dieter » Sat Jan 15, 2022 1:42 pm
Hi there,

Just have a quick question regarding car finance while on IVA, have any of you had any luck getting some reasonable car finance (PCP or HP) deals while on IVA ? Obviously assuming your insolvency company agrees.

Thanks.

Foggy

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Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sat Jan 15, 2022 1:52 pm
I have heard of one person, at least, getting finance through work based salary sacrifice schemes and a couple have re-financed balloon payments. But I cannot recall any new loan agreements being sanctioned or accepted.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

bowline

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Posts: 67
Joined: Sun Aug 11, 2019 2:31 pm

Post by bowline » Mon Jan 17, 2022 3:07 pm
Moneybarn may offer finace. HP at about 50% APR. See https://www.moneybarn.com/how-it-works/ ... cess/ivas/

kallis3

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Post by kallis3 » Mon Jan 17, 2022 6:17 pm
Bear in mind that you will need to get permission from your IP first.
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

Rlh1994

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Joined: Wed Jun 20, 2018 7:33 pm

Post by Rlh1994 » Tue Jan 25, 2022 8:13 pm
We got one through moneybarn, as mentioned above we had to get permission from our IP :)
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