Finished iva question

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1
User avatar
downandout
Posts: 112
by downandout » Mon Feb 11, 2019 7:59 pm
Hi my iva final payment was made 22 Nov 2018 to finish 22 Dec yay !!!, still waiting for completion certificate though, i have checked my credit rating on experian which is fair but has dropped to poor when one of the creditors made an alteration that affected my rating, i had 2 loans and an account, the loans have been removed but the account is still showing though i expect it will until i get my completion, my question is my car is 18 years old and needs replacing desperately am i likely to to get excepted for a car loan in my current situation and are there any recommended respected companies that i could approach, i am nervous that i get to many searches done and knock my rating even more.
User avatar
Foggy
Forum Expert
Posts: 27950
Contact
by Foggy » Mon Feb 11, 2019 8:40 pm
It would be better to try to hang on until the credit records are clear --- but, if impossible, several forum members ( a while back now, though) used a firm called Moneybarn, who specialise in adverse credit.
User avatar
luluj
Forum Expert
Posts: 10360
Contact
by luluj » Tue Feb 12, 2019 4:45 am
Hang on in until completion certificate is issued and defaults drop off your credit file if you can.

I used Moneybarn for car finance, it was high interest rates but it gave the funds for a newer car. I recall there was a minimum loan amount of £5000, but that may have changed as it was done years ago.
User avatar
downandout
Posts: 112
by downandout » Tue Feb 12, 2019 10:43 am
Thanks Foggy and Luluj i will try and hang on, that will cheers the wife up, she hates what she calls the batmobile posting.php?mode=reply&f=145&t=86880#
User avatar
Lisa Thomas
Industry Expert
Posts: 7229
Contact
by Lisa Thomas » Tue Feb 12, 2019 11:55 am
You might find this quick video I made about cleaning up your credit record useful:

https://youtu.be/PV4RzUY4BRM
Noddle, Clearscore and Totally Money are also free credit agencies to consider using:

https://www.noddle.co.uk/
https://www.clearscore.com/
https://www.totallymoney.com/
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 24 guests